Americans Say This Is Their Savings "Magic Number" to Retire Comfortably

The New Magic Retirement Number Is $1.46M

Three is a magic number, as the Schoolhouse Rock song goes. So, it turns out, is $1.46 million.  That’s how much the average American thinks a comfortable retirement will cost, according to Northwestern Mutual’s 2026 Planning and Progress study. The “magic number” is up more than $200,000 from last year, attributable to persistent inflation, longevity gains and worries about Social Security. Many don’t expect to hit this ambitious target, but wh…

Americans say this is their savings "magic number" to retire comfortably

Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.

Americans are calculating how much they’ll need to retire - and it’s nearly $1.5M

‘Last year’s cuts to Medicare and Medicaid, inflation and overall increase in the costs of living expenses has changed the outlook,’ said one expert

The 'magic number' for a comfortable retirement just got bigger

The "magic number" of savings to retire in comfort keeps rising. But how many Americans actually retire with a seven-figure sum?