Americans say this is their savings "magic number" to retire comfortably [CBS News]
NerdWallet, Inc. - Class A (NRDS)
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Source: CBS News
That figure, based on a survey of 4,375 people who were asked how much money they think they need in retirement, is up from $1.26 million in 2025. John Roberts, chief field officer at the financial planning firm, said the increase reflects ongoing consumer concerns about inflation, with elevated prices in recent years straining household budgets and making it harder for people to save The poll was fielded before the Iran war , which has only heightened such concerns as fuel prices rise Respondents also worried that artificial intelligence could impact their careers, with 33% saying they fear how the rapidly emerging technology will affect their jobs. Such concerns about job security could be leading some Americans to think they need a bigger nest egg, Roberts noted. The reality of retirement savings In general, Americans' perception of how much money they need to retire is starkly at odds with their actual savings. Of people in the U.S. with retirement accounts, only 5% have
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