Having $1 million in retirement savings only lets you spend $40-50k per year during retirement. That's a pretty solid amount of money for not having to do any w

Having $1 million in retirement savings only lets you spend $40-50k per year during retirement. That's a pretty solid amount of money for not having to do any work, but doesn't lend itself to luxurious lifestyle that people think about when you say 'millionaire'.