True or false? $3 million is the new $1 million. When the oldest Millennials reach retirement age, $5 million will be the new $3 million.

The_Cromulent_Bison · 2026-06-24T03:37:06+00:00

=== SUMMARY === - The post argues that due to inflation, the traditional $1 million retirement target has lost purchasing power, suggesting $3 million as the new equivalent and $5 million for the oldest Millennials. - The thesis is based on rising costs of housing, vehicles, and education over the past 25 years. - **Quality assessment:** Speculation / anecdotal observation; lacks rigorous data or specific asset analysis. === SENTIMENT === NEUTRAL === TRADE IDEAS === No actionable trade ideas in this post. === COMMENTS SUMMARY === Top comments challenge the magnitude of the shift, with u/htffgt_js suggesting $1.3–$1.4M is the new $1M, while u/PTTCollin points out that $1M still supports $40k/year withdrawals and that a paid-off house reduces expenses. Others note that inflation adjustments in retirement calculators already account for this, and the first milestones have moved from $100k to $250k. No ticker-specific arguments are presented.

u/The_Cromulent_Bison · Reddit — r/investing · June 24, 2026 at 03:37 · ⬆ 96 pts · 💬 85 comments | View on Reddit ↗

AI Summary

Summary

The post argues that due to inflation, the traditional $1 million retirement target has lost purchasing power, suggesting $3 million as the new equivalent and $5 million for the oldest Millennials.
The thesis is based on rising costs of housing, vehicles, and education over the past 25 years.
Quality assessment: Speculation / anecdotal observation; lacks rigorous data or specific asset analysis.

Score 96

Comments 85

Upvote % 79%

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