It’s a ridiculous statement. There is no magic number. I asked my AI friend Gemini and it seem AI is smarter than some advisers and pundits.
Is a Million Dollars Enough to Retire?
Short answer: It depends.
While a million dollars might seem like a substantial sum, whether it’s enough for retirement depends on several factors:
- Your desired lifestyle: Do you plan to travel extensively, live in a high-cost area, or have expensive hobbies?
- Your age at retirement: The earlier you retire, the longer your money needs to last.
- Other income sources: Will you have Social Security, pensions, or rental income?
- Healthcare costs: These can be significant in retirement and vary widely.
- Inflation: The purchasing power of your money decreases over time due to inflation.
- Investment returns: How your investments perform can significantly impact your retirement savings.
QUINNSCOMMENTARY 
I think you would do better saying there is no one magic number for everyone. A million may work for some, others require different numbers. Just like your AI friend says.
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