The Cost of Retirement's Gone Up

Americans now expect to need $1.25 million in retirement, and they don't expect to retire until age 64, vs. an expected retirement age of 62.6 last year.

By Tom Gresham | November 09, 2022 at 10:47 AM

Stock illustration: Piggy bank with a target on its side

A new study indicates that Americans now expect to retire later than they did a year ago, in the wake of a sharp drop in their retirement savings and changing expectations of how much of a nest egg they will need.

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Retirement & Benefits

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