As noted earlier, a lot depends on your lifestyle and where you live. Between my IRA, my wife's IRA, her pension, my Social Security, her Social Security, and our outside investments, we have more than enough. Paid off the mortgage early (smartest move you can make), the kids are long since out on their own and self-supporting, a car and a truck we paid cash for. If you research average net worth (or median) and average income, we're far above the majority, but I wouldn't say "rich". "Comfortably well off" would be a better description.