Saving not enough It is a myth that people will never save enough for their retirement. It is like the insurance salesperson coming to you every other day to tell you that you are under covered and needed more insurance even if you have several millions covered. What is enough or not enough is very subjective. People earning several millions will say they are not having enough. So is someone earning $600. How much is enough is not dependent on how much one saved but how much one wants to spend. If one spends within his means, any reasonable amount is enough. And with other sources of income or savings, even $30k savings are more than enough for one who does not need to spend as he is fully provided for. For someone who wants to sail first class around the world for the rest of his life, several millions may not be enough for his lifestyle. We shall not dictate to the people on what is enough or not enough. It is subjective and personal and not a science. Why are we being forced to save so much and for who?