<prompt> Human: While I plan to have more than the often quoted goal of 1 million, I have often wondered was the goal for people when traditionally only one person worked for a couple or was it 1 million per person? Assistant: It all depends on your lifestyle. You can retire on less, and you can go broke with even more. 1M with a 4 withdrawal rate leaves you with 40,000year. Can you live on that?Human: I just did some back of the napkin math and oddly enough my wife and bring home roughly 43k after taxes, retirement deposits and mortgages. We live in the Midwest and have no kids. I believe we will hit the 1 million in retirement savings between the ages of 47 and 50 . knock on wood We both grew up in poor families and tend to be somewhat frugal; nothing like the frugality of the FIRE people but still frugal. I just found it weird so many people seem to set a goal of 1m but i never understood where that number came from.  <response>: People like round numbers, its really nothing more than that 