One thing that has irked me for more than half my 75 years is that while people talk about the importance of retirement planning, almost nobody will give you an answer to "How much do I need?"
So I'll offer an answer. If you are starting your retirement fund today, set a target of $5,000,000.00 (five million US dollars) as your goal, and be prepared mentally and emotionally to increase that number due to inflation.
Yes, it is a BIG number, but it can be done. Others have done it, you can too. It is a matter of setting priorities. The POWER of compound interest is amazing!
It is helpful to pay for the advice of an advisor with a good track record. Use caution.