I'd like to move to some tropical island and smoke dope and sip on pina coloadas from sun up to sunset while siting on the beach catching some rays.....
i just wanna be able to take my grand kids places or for a week at a time.....i'd like to travel aswell, perhaps get in a motor home and just drive...since i've already mastered the green lawn thing, i may take up Bingo....haha seems popular amoung elders.
The honest trooth is most of our generation and the people on this site will never be able to afford a retirement (at least how we know it today). We have neither the finacial acumen or budgeting rigor to invest in long-term strategies for creating wealth.
Combined with lower market returns and higher expected future volatility in asset markets and you have a much more difficult proposition.
I would expect to maintain an average lifestlyle for retirement at 55-60 in 2040+ an individual will need to save $2.5mm +/- $1mm depending upon inflation.