You won't be able to retire. There I've said it. If the word “retirement” conjure up visions of white sandy beaches, lots of travel, long sips of Pina Coladas and reading all the novels you’ve never had the time to because you’re so busy working to (ironically) save for retirement - it’s not going to happen. At least not the way you think it would. Here’s why:
10. Retirement adequacy figures are tremendous
The figures differ from country to country, but generally if you live in a developed city, a decent retirement figure is generally agreed to start at a million dollars. A million dollars sounds like a lot of money, but if you do the math, all it does is to provide you a source of income to continue living your current lifestyle comfortably until the day you die. The more expensive your lifestyle is, the more you’re going ......
