Oh yea there are tons that are up there in price and beyond.
Most rentals aren’t that high end tho. At those prices you typically find buyers or celebs / rich people looking for a very specific accommodation.
I have a friend who pays around 50k/mo for his place and it’s like 50% bigger than my place with a smaller terrace but every material used is so extra. Imported this, reclaimed that, a door that is technically “art”. Shit like that.
Another big factor people forget when making these calculations are dependents (think children). At your retirement brackets they won’t be getting any aid for the increasing costs of education and overall costs of raising a child at the lifestyle you’re likely to have once you have kids. All of this can put a massive dent into the plans
If retire in low cost of living country: 2m. If retire in high cost or living country: 3m. +1m if married and partner earns less.. +1m if have kids. Does this sound reasonable? Plan to retire in late 40s.
It's a tricky game. Save more than you you plan to spend / life. It's better to outlive your money than you outliving your savings . Max out on 401-k and also rebalance your portfolio as market changes.
Whatever amount you plan to set aside now, you cannot predict inflation or cost of living expenses in the future. A comfortable amount to cover monthly housing and living expenses 15 years ago now equates to just about half of what my current rent/mortgage would be.