Larry Fink, CEO of the world’s largest asset management firm, BlackRock, has been on Americans’ case about not saving enough for retirement.
In a 2025 shareholder letter, he warned “almost no one is close” to the amount they need to save for retirement. BlackRock, which has $14 trillion in assets under management, surveyed 1,000 registered voters, asking how much they’d need to retire comfortably, and the average response was roughly $2.1 million.
