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Americans’ Retirement Expectations Plummet Amid Market Turmoil

4/22/2025

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Summary

Story summary

A Northwestern Mutual study shows Americans now expect $1.26 million for retirement, down from $1.46 million last year.
Market volatility and inflation have shaken retirement confidence; 51% worry about outliving their savings.
Average 401(k) and IRA balances stand at $131,700 and $127,534, respectively, affected by stock market declines.
Only 67% of Americans feel confident about retirement, reflecting a 7% decrease from the previous year.

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Story summary

A Northwestern Mutual study shows Americans now expect $1.26 million for retirement, down from $1.46 million last year.
Market volatility and inflation have shaken retirement confidence; 51% worry about outliving their savings.
Average 401(k) and IRA balances stand at $131,700 and $127,534, respectively, affected by stock market declines.
Only 67% of Americans feel confident about retirement, reflecting a 7% decrease from the previous year.