[giantg2]

Assuming a 2.5% annual inflation rate, that $200k will not be worth as much in 35 years. You would need $475k in 2056 to equal $200k today. $200k in that year is the equivalent of $85k today and after the first 15 years would be the equivalent of $58k. And that will only decrease in value further into retirement. One have to dig into the capital.

"they can 1.) go on 4-5 overseas vacations flying business class, 2.) eat out every night, 3.) purchase a new Mercedes E or S class. This isn't a bad way to live."

I find it hard to believe that people making $85k or $58k today can do these things. I think it will be even tougher with healthcare costs associated with aging.

"still makes for a comfortable retirement."

Yes, I think it would be a comfortable retirement. Where is the claim that it would make one rich? Otherwise where is the argument...

"It will result in better outcomes, but it won't make people rich, like many claim."

You also haven't addressed the $1.5M side of it properly. That $30k you're talking about is only worth $12k. If the income is $100k per year (half the $3M number), that's the equivalent of about $42K per year at retirement and only $29K after the first 15 years. I'm pretty sure money would be tight in any suburb or city on that amount. They certainly aren't rich.