1 of 1
Story summary
- Americans now estimate they need $1.46 million for retirement, a 15% rise from last year, due to inflation, longer life spans, and Social Security uncertainty.
- Only 5% have saved at least $1 million, while average retirement savings sit at about $333,940.
- Nearly half worry they will outlive their savings, with younger generations the most concerned.
- Experts recommend strategies such as the 25x Rule and the 4% Rule to help plan.
