"Older Millennials -- those born in the early 1980s -- will need about $1.8 million salted away to maintain their standard of living in retirement while younger Millennials -- those born in the late 1990s -- will need upwards of $2.5 million... [T]hat equation ... assumes they'd need to generate $30,000 to $40,000 in annual income from their nest eggs in today's dollars. [And] it assumes a 2% inflation rate, which is currently the Federal Reserve's target rate."  MORE >>