Employees want to save $1.28 million for retirement — are they even close?

By Alyssa Place, This is my expertise
Published Updated 3 Min Read

Man holding a calculator while looking at his computer
Adobe Stock

Employees have lofty goals for retirement, but are falling far short, showing extreme disconnect between expectations and reality. 

According to Schroders’ 2025 U.S. Retirement Survey, American workers believe they’ll need $1.28 million to retire comfortably. However, just 30% of respondents expect to hit the $1 million mark, while less than half anticipate retiring with less than $500,000. Twenty-six percent expect to have under $250,000. 

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form