How much you need to retire in every state after Social Security—from $644,000 in North Dakota to $1 million in New Jersey

Senior tourist couple sitting on a bench and looking for a location on a map (Credit: Jordi Salas/Getty Images)

$1.2 million. That’s how much Americans in workplace retirement plans say they’ll need to retire comfortably, according to Schroders’ 2026 U.S. Retirement Survey.

If that number makes you check your 401(k) twice, you’re in good company. In the same survey, 51% of plan participants said they expect to have less than $500,000 saved by retirement, including 24% who expect less than $250,000. Only 30% think they’ll reach $1 million. The survey polled 1,500 U.S. investors ages 30 to 79 in March and April. Some Wall Street leaders put the bar even higher: BlackRock CEO Larry Fink has warned that Americans need $2 million to retire and “almost no one is close.”