Estimates don’t do much to calm your fears about the gap you see missing in your own retirement balance. But, having a figure in mind is definitely a guide to start thinking about how much you might like to live on in retirement and the steps you can take to start bridging the gap.
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Making the most of what you have
Estimates like '$1 million' are thrown around as to what you might need in retirement. While they can be a good guide, everyone's reality is different.