Do Americans' Retirement Savings Match Their Expectations?
The average American has not saved nearly as much as they believe they'll need for retirement. Despite that, retirees are remarkably optimistic.
Do Americans' Retirement Savings Match Their Expectations?
Overview
A 2026 Planning & Progress Study by Northwestern Mutual revealed that Americans believe they will need $1.46 million to retire comfortably. It's a somewhat remarkable figure, considering the median household retirement savings for 65- to 74-year-olds is $200,000.
Americans' savings do not match the amount they expect to need in retirement. However, given the more modest savings most retirees have amassed, it's surprising that a large percentage of retirees say they're doing fine financially.
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Originally published at www.fool.com.
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