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Americans Believe They Will Need $1.46 Million to Retire Comfortably
Northwestern Mutual 
Apr. 2, 2024 "People's 'magic number' for retirement rises faster than inflation, jumping 15% in just a year and a whopping 53% since 2020; while retirement savings falls to $88K. The 'Silver Tsunami' is here: 11,000 Americans will turn 65 every day through 2027; only half of Boomers+ and Gen X believe they'll be financially ready for retirement.... Gen Z started saving at 22 and expects to retire at 60; Boomers+ started saving at 37 and expect to retire at 72." |
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