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Stock impact report

'Magic number' to retire comfortably in US nears $1.5 million: report [Yahoo! Finance]

NerdWallet, Inc. - Class A (NRDS) 
Company Research Source: Yahoo! Finance
The Brief The "magic number" Americans believe they need for a comfortable retirement has surged 15% in a single year to $1.46 million. Nearly half of all Americans worry they will outlive their retirement savings. Americans are actually saving much less than expected. UNITED STATES Most people have a certain amount they hope to earn before retiring. However, the latest price tag for a comfortable retirement comes with a bit of sticker shock. By the numbers Americans believe they need $1.46 million to retire comfortably this year, which would provide approximately $4,800 in retirement income per month, according to a study by Northwestern Mutual. That "magic number" has increased more than 15% in just one year, adding another $200,000 to last year's total and matching expectations for 2024. Expected amount needed 2022-26 2022: $1.25 million 2023: $1.27 million 2024: $1.46 million 2025: $1.26 million 2026: $1.46 million Experts say the increase is due to se Show less Read more
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