U.S. Adults Raise Comfortable Retirement Target to $1.46 Million as 48% Fear Outliving Savings
Updated
Updated · WKRC TV Cincinnati · Aug 10
U.S. Adults Raise Comfortable Retirement Target to $1.46 Million as 48% Fear Outliving Savings
3 articles · Updated · WKRC TV Cincinnati · Aug 10
Summary
$1.46 million is the amount U.S. adults now say they need to retire comfortably by age 65, according to Northwestern Mutual's 2026 Planning & Progress Study.
That target has climbed sharply from $951,000 in 2020 and is about $200,000 above last year's estimate, reflecting rising financial expectations for retirement.
46% of Americans say they do not expect to be financially prepared for retirement, while 48% think they are somewhat or very likely to outlive their savings.
23% of people with retirement savings have put away no more than one year of their current annual income, underscoring the gap between goals and actual balances.
Americans said they started saving at 31 on average and expect to retire at 65, while 27% believe they could live to 100, extending how long savings may need to last.