Do You Need $1.5M to Retire? 5 Experts Weigh In on the New Magic Number

Analysis April 03, 2024 at 02:11 PM
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What You Need To Know

  • Americans expect to need at have $1.46 million on average to retire comfortably, a new survey shows.
  • That figure grew 15% from last year and by more than 50% since 2020.
  • Savers are better off focusing on a holistic approach to income planning, financial professionals say.
Christine Benz, David Blanchett, Michael Fink, Jamie Hopkins and Marcia Mantell, all of whom are nationally recognized retirement experts