I saw an article where it listed state by state what an individual needed to retire. Alabama total was a little over a million dollars. Probably to live comfortably.
I meet with Fidelity next week to take a look at my numbers and what the guessamation is for my numbers in the future. Since I'm within that 10 yr window of retirement.
You do not need a million dollars, I can witness to that personally. But you do need to be debt free.
Debt free is the Key!!! I've got a friend who was pretty fortunate to retire with a couple million bucks. He lives like a king on $70k/year since he has no debt.