This is Exactly How Much Americans Think They'll Need to Retire.
Are Americans right about how much money they'll need to retire?
Overview
How much do you need to have saved for retirement? Everyone needs to answer this question because Social Security alone replaces only about 40% of preretirement income. That's generally not enough to live on without major lifestyle changes.
A recent survey asked Americans about this issue, and the amount that the average American thinks they'll need may surprise you. Let's take a look at what Americans think they'll need, along with some tips on figuring out how to tell if it will be enough.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.