Survey Reveals Americans Believe $1.2 Million Is Needed for Comfortable Retirement but Many Expect Shortfall

A survey by global investment firm Schroders found that most Americans believe they need $1.2 million to retire comfortably, yet over half expect to have less than $500,000 saved at retirement due to rising costs and competing expenses.

By Lorie Konish · CNBC ·

Survey Reveals Americans Believe $1.2 Million Is Needed for Comfortable Retirement but Many Expect Shortfall

Topics: investor sentiment retirement planning savings gap

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