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Benzinga
Benzinga
Business
Wayne Duggan

Here's How Much Money You'll Need Now To Retire Comfortably

One of the most important financial objectives is to stay on track to ensure you will be able to retire comfortably. The amount of money each person needs to save varies widely based on a number of different factors.

Retirement Savings Expectations: A new study by Northwestern Mutual found Americans now anticipate they will need to have $1.25 million stashed away for retirement, up from just $1.05 million a year ago. That's bad news for retirement investors given the average retirement account among those surveys has declined by 11% over the past 12 months to $86,869.

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