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<blockquote data-quote="RonJohn" data-source="post: 741422" data-attributes="member: 2426"><p>The wow factor of the word millionaire hasn't kept up. If you have a $300,000 house, $50,000 in savings, and a $650,000 401K you are by definition a millionaire. Someone can have that and not be entirely comfortable in retirement.(You can have much less than that and survive quite well in retirement, but even with that it isn't like you can really afford to buy a new luxury car every year.) It doesn't mean anymore that you can buy almost anything you want and take unlimited vacations to Europe.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 741422, member: 2426"] The wow factor of the word millionaire hasn't kept up. If you have a $300,000 house, $50,000 in savings, and a $650,000 401K you are by definition a millionaire. Someone can have that and not be entirely comfortable in retirement.(You can have much less than that and survive quite well in retirement, but even with that it isn't like you can really afford to buy a new luxury car every year.) It doesn't mean anymore that you can buy almost anything you want and take unlimited vacations to Europe. [/QUOTE]
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