Not yet, says Michael Kitces, publisher of Nerd's Eye View, a blog for financial advisers.
Even if your hoped-for 8% annualized returns pan out, your nest egg will be less impressive. Assuming 3% inflation and a safe 4% initial withdrawal rate, you'd have annual pretax income in retirement equivalent to $26,300 in today's dollars -- not exactly opulent.
A more cautious forecast of 6% returns -- better safe than sorry -- translates into just $13,700 a year.
More snags: While the snowball effect of compounding returns is powerful, a string of bad returns, similar to that of the 2000s, would dash your dreams. And what if you can't work until 67?
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