• NFLX
    363.05 USD -0.64%
  • NVDA
    311.79 USD -0.28%
  • META
    248.34 USD 1.09%
  • BRKA
    501198.61 USD -1.19%
  • T
    16.38 USD 0.43%
  • ADBE
    372.09 USD 0.22%
  • TSLA
    188.89 USD 4.85%
  • MMM
    101.72 USD 2.71%
  • SP500
    4193.05 USD 0.02%
  • MSFT
    321.21 USD 0.89%
  • AMZN
    115.02 USD -1.07%
  • AAPL
    174.22 USD -0.55%

Why $1 million might not be enough for your retirement

It was established long ago that around $1 million should be sufficient for a retirement. That however does not seem to be the case anymore.

When inflation is at normal levels of around 2%, people can barely notice price changes. However, the last few years made it harder for everyone as food, services, fuel, and many other things got much more expensive. People may need more for their retirement than they think.

Gen Z and millennials, watch out

While the traditional savings benchmark for retirement has long been set at $1 million, the current inflation rate is causing alarm among members of Generation Z and millennials. Inflation, however, has caused the standard to increase up to $3 million.

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I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...


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