re: 50% of millennials think they need $300,000 or less to retire in comfort

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Obviously talking about realistic wants. People just didnt financially plan for them.

Going back to "most" households already live on $36k-$48k/yr income, that's simply not true unless you're talking individuals. Median household income is $70k. you're still above poverty level at that level of income, but it's certainly not exactly much extra money after typical expenses, more so the $3k point than $4k point.

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I largely agree with you although median household is skewed by higher earners. A couple retiring currently, say somewhere between 50-60 are going to need a lot more than $4k monthly as recreation/vacation activities etc will be much higher in this age cohort than a couple retiring at 70. They also may want to move to an area with better climate, more accessible activities, etc that will be higher cost than where the lived while working.
They likely end up paying much more OOP for healthcare than expected as it certainly isn't cheaper than employer provided health bennies. Vehicle and housing costs aren't getting cheaper any time soon. If anything recent retirees may spend more money in initial years on things they couldn't do during working years due to time restraints. I have a hard time imagining a 50 yr old active couple retiring now on $5k a month unless they have a future certain monetary pipeline coming online. If millennials are stating $300k as adequate future value for their retirement funding I

The ones who told their kids that they had to go to college and never disciplined them and gave them everything they wanted because they were soft parents? Those parents?

I'm a millenial and my retirement goal has always been around 300k. But that's by 35, not 65. If I have 300k in long term investments by 35 I can let it sit and compound for 30 years and be OK even if I weren't able to add another penny after 35.

Have you estimated your retirement spending? $300k at 35 still sounds lean for a millenial if you don't invest another dime. At 7% compounding that's ~$2.8m by 65 which yields ~$90k using 4% SWR. Do you think $90k is gonna be worth enough to live on comfortably by the time you're 65. Even modest inflation is going to cut that spending power dramatically. (Assuming low inflation and continued high growth is a risky venture) Congrats sounds like you're doing great, much better than average, just keep it up and don't be too optimistic w projections.

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Based millenials don’t care about retirement like you cringe boomers do. You think we dream of becoming a boomer and retiring so we can go to Walmart and bitch at people for not wearing masks like y’all?

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No. We KNOW millennials dream of "retiring" to your parents' playroom/basement and play Madden on your XBox/PS? all day with your equally as lazy a$$ friends. The millennials idea of saving up for retirement is sending their parents to an early grave so that they can inherit the money their parents saved up for retirement.

OR, make millions as a YouTube/TikTok/Instagram/Twitter influencer.

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Add a zero.

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Add a zero now. Add a zero and multiply by two if your 25.

Older Millennials are 40 now. Some of you don't even know your generations.

Thay are actually out fighting the failed wars started by boomers and lived through two economic crisis.

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Baby Boomers are going to transfer the largest intergenerational wealth transfer in history will pass down over $30 trillion in inheritance from baby boomers to millennials and Generation X across the next few decades. Millennials will be fine.

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Not a chance that the current Legislative power will allow that to happen. They're going to extract a HEAVY tax on assets at time of Death .... it's coming, and the digital nature of assets these days will make it extremely easy for the US Government.