Saturday, November 18, 2023

Here’s the New Magic Number for Living Comfortably in Retirement

Young man smiling and holding money
ViDI Studio /

How much money will you need to retire? Your answer is likely to differ depending on your age. Recently, Northwestern Mutual surveyed 2,740 adults for its latest annual Planning & Progress Study and asked them how much money they need to save to retire comfortably. As a group, they said $1.27 million. That is up from $1.25 million in 2022 — and it also is considerably higher than the $89,300...

from Money Talks News

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