TO RETIRE, YOU NEED $1.46 MILLION

According to a survey of 4,588 adults conducted by Northwestern Mutual, the average amount of money Americans feel they would need to retire comfortably is $1.46 million, an increase of 15% over last year’s $1.27 million. On the other hand, those same people surveyed by Northwestern Mutual have saved an average of $88,400 for retirement.
– Meanwhile, Northwest Mutual recommends that, for retirement, you save 10 times your salary by age 67. So if you pull in $80,000 a year, that would mean having $800,000 saved.
* I really love these wacky news stories, don’t you?
* $1.46 million. This is a shame, because cat food doesn’t taste nearly as good as you might think.
* A 15% increase over last year? Thanks, Biden.
* It’s $1.46 million to be comfortable. What if you just want to retire loose-fitting?