Think you've made it with a million? You're dead wrong. Here's the real number that puts you in the top 10% of Americans

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One of the lesser-known rules of personal finance is that wealth is relative. A net worth of a clean $1 million might be a fortune in some places and barely enough in others, but with mounting inflation even that magic number looks a little mundane.

That’s why tracking your net worth against the national average and different percentiles can give you a clearer picture of your progress toward financial freedom.

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A big part of that discussion is retirement. Although a million might seem like a lot in your 20s, or even 30s, it’s a different story when you retire with another 20 or even 30 years in front of you.

That’s why it’s important to know where you stand today so you can rest easy tomorrow. According to Northwestern Mutual (1), the average American thinks they’ll need $1.46 million to retire comfortably. Even then, that only breaks down to about $58,400 per year using the 4% rule for retirement — hardly a golden ticket to your twilight years.