Americans say they need $1.2 million to retire. Many won’t get close

Published 5 Min Read

Home budget, finance planning and senior couple calculating their expenses, bills or income during retirement with a calculator, laptop and paper documents from behind. Man and woman discuss savings.
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  • Key Insight: Here’s why workplace retirement plan participants are failing to reach their savings targets.
  • What’s at Stake: Plan participants who must choose between immediate debt relief and long-term financial security.
  • Forward Look: Prepare for the next generation of retirement plans to incorporate more guidance and specialized investment solutions.
    Source: Bullets generated by AI with editorial review

Americans think they’ll need an average of $1.2 million to retire comfortably, yet many expect to retire with less than half that amount, according to a new national survey. 

Jimmy Nesbitt
Reporter

Jimmy Nesbitt is a reporter at Employee Benefit News, where he covers the evolving landscape of workplace benefits, healthcare, retirement, financial wellness and related policy issues. His career … Read full bio


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