Retirement 'magic number' tops $1.46 million as saving gaps widen
TL;DR
Northwestern Mutual’s 2026 Planning & Progress Study shows the retirement 'magic number' has risen to $1.46 million, reflecting higher costs and inflation, but most Americans aren’t close to that target; a more attainable goal is about 10 times annual income (roughly $800,000 for a median household), and Gen Z is starting to save earlier while Gen X lags, with many expecting to work in retirement.
- The 'magic number' for a comfortable retirement just got bigger USA Today
- A Median Earner Needs $803 Monthly for 30 Years to Hit $1 Million. Most Don’t Make It. Yahoo Finance
- How much money do Conn. residents need to retire comfortably? The Day
- The $1 Million Retirement Mistake: Counting Income You’ll Never Get to Spend AOL.com
- This Is How Much the Average American in Their 40s Has Saved for Retirement. Most Experts Say It's Half of What They Need. 24/7 Wall St.
Want the full story? Read the original reporting
Read on USA Today