38. Is $3 Million the new $1 Million?

The old rule of thumb used to be that you needed $1 million to retire. Now, there are many in the industry who think you need $3 million to retire. If you didn't start planning for your retirement in your 20's or 30's, you are looking at $3,720 to $8,493 a month that you need to aside for retirement. In this episode of Retiring Today, Abby Huntrods and Chawn Honkomp explore the idea of how much you need to save for retirement and if $3 million is really the new $1 million.  Show Notes: Retirement dreams: $3 million is the new $1 million