While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably.
A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million for a comfortable retirement, a number that has surged by 53% since 2020. This dramatic increase, influenced by inflation and growing financial pressures, suggests that a $2 million target may not be as far-fetched as it appears, especially for someone who is 60 and plans to retire in five years.
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According to recent data from LIMRA, only a small fraction of American households, specifically those headed by someone aged 60 or older, report having investable assets of at least $2 million. This figure represents just 7% of such households, indicating…
