Staggering rise: Americans now need $1.46M to retire comfortably, up 53%!

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According to a recent survey, U.S. adults now believe they will need approximately $1.46 million to retire comfortably, which is a significant increase from the $951,000 estimated in 2020. This rise reflects growing concerns about inflation, healthcare costs, and overall financial security in retirement.

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Sources:

www.fool.com/research/average-retirement-savings/

www.nasdaq.com/articles/heres-the-average-americans-retirement-savings-by-age-in-2024

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