Many people aim to save $1 million for retirement, but is that enough? Depending on your lifestyle and longevity, $1 million may not be sufficient. Factors like healthcare costs, taxes, and desired retirement lifestyle should be considered when setting savings goals. Saving more than $1 million can provide a buffer for unexpected expenses and a higher quality of life in retirement.

Read more at Yahoo Finance: Think You Can Retire Comfortably on $1 Million? Here’s Why You May Need a New Plan.