Question: I thought I'd be set, but my $3 million isn't buying the retirement I imagined. What should I do?
Answer: The larger a nest egg you have when you kick off retirement, the more comfortable your senior years are likely to be. Recent Northwestern Mutual findings point to $1.26 million as the ideal retirement savings target. However, Vanguard's latest data on retirement savings puts the average 401(k) balance among Americans 65 and over at just $299,442, while the median balance for that age group is only $95,425.
