$5 million is the new "millionaire"

[Amit M.]

well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I define as being independently wealthy; having FU money to do what you want, etc. (Guess a million dollars isn't what it used to be!)

It's an interesting study:

https://aboutschwab.com/images/uploads/inline/Charles_Schwab_SF_Bay_Area_Survey_Full_Findings.pdf