[SamAdams76]

Exactly. I'm one of those so-called "401k millionaires" and while it looks nice on paper, the 4% rule will make my retirement income look rather modest - not exactly one that will make that millionaire in that Monopoly game I grew up with.

[cherry]

I don't need any rules to tell me that we are poor....yes, we own a nice home on acrerage, and yes we owe huge property taxes on it...

yes we have paid off cars and yes our cars are older....

yes we have some retirement savings and yes if the markets collapse, yes we will loose everything...

I worked for a non profit with no defined pension....most hospitals are like that....so whatever I saved, and what little they threw in, that's it...

husband's company which would have paid a nice pension of course went bankrupt so he exists on the little Pension guarantee money..

luckily he has a pension from his Nat guard but it ain't much....

I feel very poor now that I am not working at age 70 and I feel that its only going to get worse....

with all these huge wage increases our income looks poor and is poor....

[SauronOfMordor]

Same here. If you just have $1M in a 401k, you will need to be frugal in your retirement.