Fewer than 1 in 20 U.S. Households Hold $1 Million in Retirement Savings
Only about 4.7% of U.S. households held $1 million or more in retirement accounts as of 2022, according to the Employee Benefit Research Institute's analysis of Federal Reserve data. A Clever Real Estate survey from January 2026 found that most retirees have significantly less than this amount saved for retirement.
Topics: financial security household finances retirement savings