{"id":41147,"date":"2025-08-03T20:31:11","date_gmt":"2025-08-03T20:31:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/41147\/"},"modified":"2025-08-03T20:31:11","modified_gmt":"2025-08-03T20:31:11","slug":"heres-how-much-money-needed-for-comfortable-retirement-average-adult-not-close-to-that","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/41147\/","title":{"rendered":"Here&#8217;s how much money needed for comfortable retirement; average adult not close to that"},"content":{"rendered":"<p>UNDATED (WKRC) &#8211; A new study showed people believe they need well over $1 million to retire comfortably but it also revealed the average amount United States adults have saved is not even close to that number.<\/p>\n<p>Financial services company, Northwestern Mutual Financial Planning and Life Insurance Company<a href=\"https:\/\/news.northwesternmutual.com\/planning-and-progress-study-2025\" target=\"_blank\" title=\"https:\/\/news.northwesternmutual.com\/planning-and-progress-study-2025\" class=\"themeColorForLinks\" rel=\"nofollow noopener\">, does an annual research study<\/a> that explores the way U.S. adults make financial decisions, including how much Americans actually save.<\/p>\n<p>The 2025 study found that U.S. adults believe they need $1.26 million to retire comfortably by age 65. That projected number has gone up considerably since 2020, when the expected amount to retire then was reportedly $951,000. <\/p>\n<p>Among Americans who have retirement savings, one in four (25%) say they have just one year or less of their current annual income put aside for it. Furthermore, 52% have three-times their current annual income or less saved. The majority (54%) believe they will not be financially prepared for retirement when the time comes.<\/p>\n<p>More than half (51%) of Americans think it&#8217;s somewhat or very likely they will outlive their savings, according to the study.<\/p>\n","protected":false},"excerpt":{"rendered":"UNDATED (WKRC) &#8211; A new study showed people believe they need well over $1 million to retire comfortably&hellip;\n","protected":false},"author":2,"featured_media":41148,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[35486,64,63,99,36211,186,5480,195,6072,184,185,1793,1781,2286],"class_list":["post-41147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-americans","tag-au","tag-australia","tag-business","tag-comfortable","tag-finance","tag-financial","tag-income","tag-northwestern-mutual","tag-personal-finance","tag-personalfinance","tag-retirement","tag-savings","tag-study"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/41147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=41147"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/41147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/41148"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=41147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=41147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=41147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}