From my previous post, it seems I have to save around one million dollars for the retirement! I have to confess that I am overwhelmed by the number! How can I achieve this goal, especially I started my retirement saving at the age of 35?
I panicked, and googled a lot of information regarding retirement planning or various ways to catch up the retirement. I understand that I may not need a million for retirement. Other factors may play in role in the calculation as detailed here. But my philosophy is: prepare for the worst! I am dedicated to achieve the goal.
The question remains unanswered: How an ordinary people can save one million dollars for retirement?