for one, i punched in a pretty nice salary into the calculator -- $200,000 (and, this is a net income figure!) -- and selected what is renown as one of the cheaper big cities in which to live, houston, texas. well, i was floored to find that i was nearly $100,000 shy of being able to live well! absurd!
i think the premise of the site is a bit ridiculous. not only would i be able to live very well on $200,000 after taxes, i could easily have all the things they mention and still be able to put some away for savings. forbes points out, however:
"Our family saves very little (1%) of its income. This may not be the most fiscally prudent way to behave, but it is the norm in this country. In fact, we were even a little generous, as according to the Department of Commerce, American households save less than 1% of their income these days."well, at that rate, it would take you nearly 30 years to become a millionaire -- and that would only be because you'd be building equity in your million-dollar home.
who can really afford to live like that? anyway, i'd much rather live how i am living now than 'well' by those standards.