[Janie123]

Originally Posted by Arctic Fox

Retirement: $1.6 million
Owning a home: $957,594
Owning a new car: $900,346
Raising two children and paying for college: $876,092
Health care: $414,208
Annual vacations: $180,621
Pets: $39,381
Wedding: $38,200

I can see some room for savings:

Owning a home - sure, if you want to live in The Hamptons, but I suspect most areas have a selection for well under $957,954 so let's halve that figure.

Not sure what new car they are getting for $900,346 - possibly a McLaren? - but, with modern cars having a much longer trouble-free life than the clunkers from the 1960's, buying a new car every ten years should suffice, so let's divide that figure by three.

Kids - who needs them?

Wedding - swallow your ego and just get married. It's meant to be a solemn occasion, so you don't have to try to impress everyone by spending a lot of money on frippery.

I think they mean over your lifetime for houses and cars including upkeep, taxes and maintenance.