The top 1% won't be $1.2M by the time I retire. For your comparison to be valid go ask someone who was born in the 40's how easy it would have been for them to save $6,000/year.
A fair point. I was really just attempting to illustrate how $1.2M is not that difficult to acquire.
I admit, I come with a biased perspective. Everyone I know born in the 40s were farmers. They all pretty much lived a life of poverty, putting all their income into appreciating assets. They're now all sitting on multi-million dollar fortunes.
Assuming you are in the mid-to-high end earning range of the 99%ers, if you want to live a life of poverty, there's a good chance you'll make the 1% list someday too.
That's the problem with blanket statements. I would think someone who made their millions through questionable banking tricks is quite a bit different to the poor dirt farmer who sold his farm at retirement, no?
