My logic is that I'd be approaching retirement age. I could/would definitely plan my career so that I had enough money to retire comfortably, which would require about $1.5 million. I'm saying less than that just to be safe (and in case I really want to switch to a less lucrative/more fulfilling career). In reality, I think I'll make a lot more than $1.5 million, but it's a little too risky to bet on.
My logic is that I'd be approaching retirement age. I could/would definitely plan my career so that I had enough money to retire comfortably, which would require about $1.5 million. I'm saying less than that just to be safe (and in case I really want to switch to a less lucrative/more fulfilling career). In reality, I think I'll make a lot more than $1.5 million, but it's a little too risky to bet on.