Good for you, you will not be a drain on the system. It is too bad more people don't think this way. The more money I have it seems as though the less "stuff" I want. I have seen many studies that show that most retirees live on far less than 50K a year and seem to be happy. Usually their costs go down, no commute, no saving, no expensive clothes, fewer meals out...Of course the financial services industry continually uses 70% of your income as a figure because they want to make more in fees and commissions by having you invest more. Most people can maximize their returns simply by either holding a basket of conservative dividend paying stocks or a few index funds for the long term and slowly drawing them down upon retirement. No need to pay a financial advisor a percentage of your assets, as most rarely even match the performance of the index and the fees really eat into your returns. If you have to get a fee based plan, but that is all most people need.