Many young doctors expect to reach their retirement goals. Eighty-three percent of the youngest doctors expect their net worth to be $1 million by age 65. A majority of all young doctors are even more optimistic, with 54 percent of those under 35 expecting to be worth $2 million or more.  Reaching these goals will take some work. "To have $1.5 million in a retirement plan by 65, a 35-year-old physician would have to consistently fund $42,000 each year," says Sherman L. Doll, a CPA and financial adviser from Walnut Creek , CA .  Source: Medical Economics - Financial Survey: How young doctors are doing today, by: Kathleen McKee, Oct 7, 2005.

If you were to have no pension, no Social Security and you were never to earn a single dollar in your retirement, your nest egg would have to be $3,639,984.01 in 30 years to yield the equivalent of $100,000 per year in today’s dollar.  This scenario assumes 30 years to retirement, living 25 years in retirement, an average inflation rate of 3% with an annual saving growth rate of 8%.  For most people, retirement income will come from a variety of sources: your 401(k) savings, a pension plan, an IRA or two, and hopefully Social Security. Plus, many Americans today continue to earn some income from part-time work even during their retirement years.  

Source: Calculator from Better Homes and Gardens http://www.bhg.com/bhg/story.jhtml?storyid=/templatedata/bhg/story/data/calcretire_v2.xml How Much Do We Need to Save For Our Retirement?