How much money do you need to live your best retirement life? In truth, there is no one-size-fits-all number. But that doesn’t mean Americans aren’t willing to hazard a guess. Recently, Northwestern Mutual surveyed 2,381 adults for its 2022 Planning & Progress Study and asked them how much money they will need to save to retire comfortably. Their magic number? A cool $1.25 million, on average.
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