How Many Americans Reach $1 Million in Retirement Savings—And Why It’s So Rare

Investopedia·Jun 11

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

A survey has found that americans believe they need around $1.2 million to retire comfortably, but many do not expect to reach this goal. In fact, less than 3% of americans with retirement accounts have managed to save $1 million. The ability to reach this savings milestone may be hindered by factors such as debt.

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