“Americans think they will need nearly $1.3 million to retire comfortably, study says…”
June 26, 2023
“When it comes to how much they will need to comfortably retire, Americans have a “magic number” in mind — $1.27 million, according to new research from Northwestern Mutual.
That’s up from $1.25 million last year, the financial services firm found, based on an online survey of 2,740 adults conducted between February and March.
Respondents in their 50s expected to need the most when they retire — more than $1.5 million, the survey found. For those in their 60s and 70s, who are close to or in retirement, those expectations dropped to less than $1 million…”