This Is Exactly How Much Americans Think They'll Need to Retire
Americans think they'll need $1.26 million. But are they right?
How much money do you need for a comfortable retirement? Americans have agreed on a number. According to Northwestern Mutual's Planning & Progress Study for 2025, the magic number is $1.26 million.
This is actually down $200,000 from the $1.46 million that Americans thought they'd need for their senior years in 2024. It's also on par with the numbers that people projected in both 2022 and 2023.
So, are Americans right? Will $1.26 million be enough for a secure future?
