Retirement planning is a challenge regardless of your pre-retirement income. Over half of American households may not be able to maintain their standard of living in retirement, according to the Center for Retirement Research. Surprisingly, high-earners are at the greatest risk of having to downsize their lifestyle in retirement. Incomes decline after age 65, with the highest earners only making 58% of their pre-retirement income. If you’re planning to sell your home and move to a condo on the beach, this might not be an issue for you. But a lot of retirees want to go on living just as they did before they left the workforce. To put it in perspective, to generate a hundred thousand dollars of retirement income from savings, you need a nest egg of $2 million. And that requires saving $2,000 dollars a month for 30 years, assuming a 6% rate of return. With so many competing financial priorities, that’s a stretch for some families.