{"id":117117,"date":"2025-08-04T02:47:17","date_gmt":"2025-08-04T02:47:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/117117\/"},"modified":"2025-08-04T02:47:17","modified_gmt":"2025-08-04T02:47:17","slug":"heres-how-much-money-needed-for-comfortable-retirement-average-adult-not-close-to-that-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/117117\/","title":{"rendered":"Here’s how much money needed for comfortable retirement; average adult not close to that"},"content":{"rendered":"

UNDATED (WKRC) – A new study showed people believe they need well over $1 million to retire comfortably but it also revealed the average amount United States adults have saved is not even close to that number.<\/p>\n

Financial services company, Northwestern Mutual Financial Planning and Life Insurance Company, does an annual research study<\/a> that explores the way U.S. adults make financial decisions, including how much Americans actually save.<\/p>\n

The 2025 study found that U.S. adults believe they need $1.26 million to retire comfortably by age 65. That projected number has gone up considerably since 2020, when the expected amount to retire then was reportedly $951,000. <\/p>\n

Among Americans who have retirement savings, one in four (25%) say they have just one year or less of their current annual income put aside for it. Furthermore, 52% have three-times their current annual income or less saved. The majority (54%) believe they will not be financially prepared for retirement when the time comes.<\/p>\n

More than half (51%) of Americans think it’s somewhat or very likely they will outlive their savings, according to the study.<\/p>\n","protected":false},"excerpt":{"rendered":"UNDATED (WKRC) – A new study showed people believe they need well over $1 million to retire comfortably…\n","protected":false},"author":3,"featured_media":115612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[9331,64,55773,18217,619,51548,255,700,6763,7572,67,132,68],"class_list":{"0":"post-117117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-americans","9":"tag-business","10":"tag-comfortable","11":"tag-financial","12":"tag-income","13":"tag-northwestern-mutual","14":"tag-personal-finance","15":"tag-retirement","16":"tag-savings","17":"tag-study","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114968215169837118","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=117117"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/117117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/115612"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=117117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=117117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=117117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}