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Laxman Pai, Opalesque Asia:

When it comes to retiring comfortably, even millionaires now say a million dollars isn't enough. U.S. investors with $1 million in investable assets are preoccupied with their eventual ability to retire comfortably, said a study.

High-net-worth individuals (HNWIs) say that, on average, they plan to retire at age 63. But some 44% are worried they won't be able to work as long as they might need to if they want to put off tapping retirement investments, according to the new study, "The Million Dollar Question," by Natixis Investment Managers.

"Even though they plan on retiring at the relatively early age of 63, almost six in ten (58%) HNWI say they accept the fact that they may have to work longer than they plan. Yet it may not be that easy -- while 58% accept they'll likely have to work longer than they'd like, 44% worry they won't be able to," the study explained.

More than a third (35%) of millionaires believe "it will take a miracle" to achieve a secure retirement, while almost half (42%) of HNWIs are so worried about retirement security that they avoid thinking about it altogether.

The standard rule for retirement drawdowns has long called for the withdrawal of 4% of assets as income in the first year of retirement and then 4% plus the rate of inflation each year for future withdrawals. Using this rule, one million dollars may not be the comfortable cushion many might expect, especially as inflation continues to grow......................

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