$1M Is No Longer the Standard Nest Egg
$1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To Retire
Gabrielle Olya Wed, August 4, 2021
A common financial rule of thumb is that you should have $1 million saved for retirement, but this piece of advice may now be outdated — you may actually need roughly double that. At least, that’s what most 401(k) plan participants believe. A recent survey conducted by Schwab Retirement Plan Services found that on average, 2021 plan participants think they need to save $1.9 million for retirement. But how accurate is this number?
$1.9 Million Is a Good Estimate for How Much You Will Need in Retirement
Nathan Voris, director of business strategy at Schwab Workplace Financial Services, thinks that the survey participants have a pretty accurate idea of how much they will need in retirement.
“I think for a survey like this, that’s a pretty good number,” he said. “That’s a ballpark range for a wide range of folks. Obviously, retirement is not one-size-fits-all, but that’s sort of the middle of the range for a lot of people.”
As Voris notes, there are numerous factors that will affect how much someone will actually need in retirement, so some may need more and others may need less.
“There’s so much written about that, but I boil it down into just a couple of things. One is, when do you want to retire?,” Voris said. “If you’re going to retire at 50, you need to plan for 45 years of living expenses. If it’s 67, you need to plan for 30 years. That has a huge factor in what your plan should be.”
“One of the other levers is, what lifestyle are you going to have in retirement?” he continued. “Where are you going to live? Are you going to live in California or Wyoming? Think about the state tax perspective. Are you going to have an active lifestyle? Or are you living close to grandkids where you’re going to be pretty local? There’s a lot of factors in what level of lifestyle you want to live in retirement.”
Finally, how much you need to have saved for retirement will depend on your other sources of income in retirement. This includes Social Security, pensions, assets and inheritance.
“Those kinds of things can be a factor in what the retirement future looks like,” Voris said.
Why $1 Million Is No Longer Enough
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/1m-no-longer-standard-nest-150025075.html
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Thurs. 10 Sept. 2026
Compiled Thurs. 10 Sept. 2026 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 9 Sept. 2026 Judy Note: A very valid source indicated that funds for Tier4b (Us, the Internet Group) currency and bond exchanges/redemption would be released after Mon. 14 Sept. 2026
OIL BREAKS $100: ENERGY SHOCK PUSHES INFLATION, BOND YIELDS AND GLOBAL FINANCE TOWARD A NEW PRESSURE POINT
Renewed U.S.-Iran attacks on shipping have pushed Brent crude above $100 a barrel while rising bond yields add another layer of pressure to an already strained global financial system.
OVERVIEW
Oil has moved back above the psychologically important $100-per-barrel level, as renewed military attacks involving the United States and Iran threaten to further disrupt energy supplies moving through the Middle East. Brent crude remained above $100 on Thursday after reaching levels not seen since July.
The renewed energy shock is arriving at a particularly sensitive time for global financial markets. Higher oil prices can feed into transportation, manufacturing, food and consumer prices, potentially creating another wave of inflationary pressure just as central banks are trying to determine their next moves on interest rates.
TNT:
Tishwash: Al-Moussawi: The cabinet formation is nearing completion... and the vote will take place after the Prime Minister's return.
MP Hamed Al-Moussawi confirmed that there is a determination among the various political forces to finalize the cabinet formation, noting that the Prime Minister is determined to complete it before September 30.
Al-Moussawi said that the political forces are moving towards ending this issue, indicating that the commitments made by the political parties and the accelerated discussions and meetings aim to resolve the ministerial cabinet.
The Dollar Just Crossed The Line It Crossed In 1973. There's No Turning Back Now
Unfolded Finance: 9-9-2026
On March 1st, 1973, the Deutsche Bundesbank absorbed $2.7 billion in the first hour of trading — more than it had received in any full day in the history of the Bretton Woods system.
Karl Klasen, President of the Bundesbank, authorized the trading desk to stop buying at eleven in the morning. Every major European exchange closed its currency markets for the day.
The fixed exchange rate system that had governed international finance for twenty-seven years ended not because anyone decided to end it, but because the rate of dollar inflow exceeded the system's capacity to absorb it.
MilitiaMan & Crew: No-Nonsense Iraqi Dinar News: Militia Man & Crew Keep You Informed
9-9-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
KTFA
Wednesday Night Video
FRANK26…9-9-26….CBI/ECON/HCL
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Rob Cunningham: Honest Weights and Measures
9-9-2026
Honest Weights & Measures May Be One of the Most Powerful Healing Technologies Humanity Has Ever Known
My Fellow Americans,
What if one of humanity’s oldest moral instructions also contains one of the clearest design specifications for our economic future?
“A false balance is abomination to the LORD: but a just weight is his delight.” – Proverbs 11:1
The U.S. Wants a Much Higher Gold Price | Tom Luongo
Miles Franklin Media: 9-9-2026
Andy Schectman, President and CEO of Miles Franklin Precious Metals, interviews Tom Luongo, financial and geopolitical commentator, market analyst, and publisher of Gold, Goats ’n Guns.
Luongo presents his contrarian thesis that the United States may actively favor a much higher gold price, potentially reaching $20,000, as it restructures the dollar system and addresses its sovereign debt burden.
Central Banker Reveals How High The Dinar Can Go
The Dinar Den: 9-8-2026
For anyone tracking foreign currency markets, the ongoing discussions surrounding the Iraqi dinar remain a subject of significant interest and speculation.
A recent comprehensive panel discussion hosted by Stephen on The Dinar Den brought together seasoned perspectives to analyze the evolving landscape of Iraq’s monetary policy.
Emailed to Recaps (Thank you David)
Reset Intelligence: Dollars Before the Barrels.
By Reset Intelligence | @EXIT_FIAT
A US supermajor just agreed to pay Iraq for its oil before the oil ships.
You prepay only the supplier you trust to deliver. For 20 years, nobody prepaid Iraq. This week that changed.
Coffee with MarkZ, joined by Zester. 09/09/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: HCL dominates the Iraqi news cycle today, Andy can't make it this week and Oil futures hit the 100USD mark.
MZ: On the bond side: 2 contacts have checked in….I was hoping for more.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Wed. 9 Sept. 2026
Compiled Wed. 9 Sept. 2026 12:01 am EST by Judy Byington
Judy Note:On Thurs. 3 Sept. 2026 a covert transmission from Cheyenne Mountain (allegedly) confirmed that Trump had backed Crypto with gold and Quantum validation. The move sent shock-waves through the old financial grid as the fiat US Dollar quietly died and the Quantum Era began.
OIL BREAKS $100: MIDDLE EAST ESCALATION PUSHES INFLATION, BOND YIELDS AND GLOBAL FINANCIAL RISK HIGHER
Brent crude has crossed $100 a barrel as the Middle East conflict intensifies, creating a new inflation shock that could keep interest rates, borrowing costs and global financial stress elevated.
OVERVIEW
Brent crude has moved above $100 a barrel as the widening Middle East conflict threatens oil production, shipping routes and energy supplies.
The oil shock is already feeding into higher inflation expectations and elevated bond yields, increasing pressure on central banks to keep monetary policy tighter for longer.
For the global financial system, the danger is the combination of higher energy costs, expensive debt and tighter financial conditions arriving at the same time.
GLOBAL RESET? Gold-Backed “Unit” Tested to Challenge Dollar in BRICS Trade | Andy Schectman
Liberty and Finance: 9-8-2026
Andy Schectman joins Liberty & Finance with a stark warning that global investors are increasingly losing confidence in U.S.
Treasuries while central banks continue accumulating physical gold. He argues that inflation, monetary expansion, soaring energy costs and persistent bond-market weakness are creating conditions that could drive substantially higher prices into late 2026 and 2027.
TNT:
Tishwash: With an increase of one ton, Iraq strengthens its gold reserves and continues its global progress.
Data from the World Gold Council for August 2026 showed that Iraq maintained its position among the world's largest gold holders, with an increase in its holdings compared to its last data.
According to data seen by Shafaq News Agency, Iraq’s gold reserves amounted to 175.6 tons, ranking it 28th globally, with gold constituting about 24.8% of its total reserves. The latest data for Iraq dates back to May 2026.
Compared to previous data, Iraq’s holdings increased from 174.6 tons to 175.6 tons, an increase of one ton.
KTFA
Tuesday Night Video
FRANK26…9-8-26…..OUR ECONOMIST
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Reset Intelligence: Smaller Notes Only mean One Thing
9-8-2026
Smaller Notes Only Mean One Thing
By Reset Intelligence | @EXIT_FIAT
Iraq’s Parliamentary Finance Committee says it intends to issue banknotes smaller than the 250 dinar note. At today’s official rate, that note is worth about 19 US cents.
BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland
Liberty and Finance: 9-7-2026
Missouri has enacted a sweeping Constitutional Money Actthat gives gold and silver legal-tender status.
The law also provides protections against state-assisted confiscation, allows employers and employees to agree to compensation in gold and silver, and requires the state to accept certain electronic gold and silver transfers for taxes and services.
KTFA:
Clare: The Central Bank organizes a workshop on local and international blacklists.
The Banking Studies Center at the Central Bank of Iraq, in cooperation with the Anti-Money Laundering and Counter-Terrorism Financing Office, organized a workshop entitled (Local and International Sanction Lists) as part of the Center’s work plan for 2026.
The workshop aimed to enhance the efficiency of financial and banking personnel and develop mechanisms for financial institutions to comply with international standards and national legislation, as well as to review mechanisms for name screening, alert management, reporting, documentation and effective follow-up procedures.
The New Financial System Explained Simply
Miles Harris: 9-9-2026
The global financial system can often seem like an impenetrable maze of jargon, complex mathematical models, and abstract concepts. However, understanding the core driving forces of our economy is essential for navigating the changing economic landscape.
To demystify these complex dynamics, financial analysts frequently turn to elegant metaphors. One of the most effective analogies compares the relationship between collateral, credit, and the economy to a man walking his dog on a leash. This simple yet profound visualization sheds light on how our monetary system functions, where the vulnerabilities lie, and how the architecture of global finance is rapidly evolving.