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Kiplinger
Kiplinger
Business
Aditi Javeri Gokhale

How Does Your Magic Number for Retirement Compare to Others’?

Social Security
An older couple drink coffee while sitting on the waterfront outside their truck.

No two people are exactly alike, and neither are their dreams for retirement. However, there is a common thread that unites them: Most Americans believe they will need $1.27 million to retire comfortably, according to Northwestern Mutual’s 2023 Planning & Progress Study. This number ticked up from $1.25 million last year.

Retirement Is a Journey: Do You Have the Map?

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