The answer is that there is no answer. I used to make $80k/year and saved plenty and felt I lived a good life. Then I inherited a few businesses from my uncle and make significantly more but now pay more for housing,dinners,trips,etc so I now feel what i make isn't enough and that more is better. It really doesn't matter how much you make you will always want more bc your spending will go up with your income even though you might save the same percentage of your income. To me, I personally feel that when my investments can earn me enough to make what I make now without working.....that is when my goal is accomplished and I can retire.
It's all about a perfect amount of money to fit your needs. I went to a high school that cost $15k in the late 1990's, the kids had money, but my best friend never cared about money or the big house he grew up in and he's a high school baseball coach today and teaches private lessons so to him making $100k isn't even important, his happiness is. We all have different goals, so there is no perfect number.
FWIW, my perfect number is $1M haha.
This post was edited on 7/28 at 12:40 pm