{"id":336368,"date":"2026-05-28T19:51:09","date_gmt":"2026-05-28T19:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/336368\/"},"modified":"2026-05-28T19:51:09","modified_gmt":"2026-05-28T19:51:09","slug":"almost-half-of-americans-expect-to-live-to-100-but-many-havent-planned-their-savings-for-a-longer-retired-life","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/336368\/","title":{"rendered":"Almost half of Americans expect to live to 100… but many haven’t planned their savings for a longer retired life"},"content":{"rendered":"

SAN FRANCISCO (KGO) — As the cost of living goes up, so does the cost of retirement.<\/p>\n

A new study by Northwestern Mutual<\/a> found the amount of money Americans need to save to retire comfortably is up 15% since last year.<\/p>\n

These findings say the new “magic number” is a result of inflation, longer life expectancy, and uncertainty around Social Security.<\/p>\n

The average needed savings for Americans used to be $1.26 million last year. Now it is $1.46 million.<\/p>\n

And the way things are going, that number will keep going up.<\/p>\n

Especially if you live in California.<\/p>\n

Unsurprisingly, our number is even higher.<\/p>\n

According to a report by MoneyLion<\/a>, California retirees will need $2.44 million to pay for 20 years of retirement.<\/p>\n

And that’s just for two decades of retired life.<\/p>\n

But as people live longer, more worry about outliving their savings.<\/p>\n

A quarter of Americans actually expect to live to be 100, well past the usual retirement age of 65.<\/p>\n

Because of this, almost half of Americans expect to outlive their retirement savings. And one-third of those surveyed by Northwestern Mutual admit they have not adjusted their financial plans to prepare for this.<\/p>\n

The lesson here: Plan ahead. And if you can, work with financial advisers to create a long-term plan.<\/p>\n

Take a look at more stories and videos by 7 On Your Side.<\/a><\/p>\n

7OYS’s consumer hotline is a free consumer mediation service for those in the San Francisco Bay Area. We assist individuals with consumer-related issues; we cannot assist on cases between businesses, or cases involving family law, criminal matters, landlord\/tenant disputes, labor issues, or medical issues. Please review our FAQ here<\/a>. As a part of our process in assisting you, it is necessary that we contact the company \/ agency you are writing about. If we believe we can be of assistance, we will reach back out in response.<\/p>\n

\"Now<\/a>
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Copyright \u00a9 2026 KGO-TV. All Rights Reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN FRANCISCO (KGO) — As the cost of living goes up, so does the cost of retirement. A…\n","protected":false},"author":2,"featured_media":336369,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[138917,37038,37039,12646,138915,138916,4263,8523,111084,9174,101,103,102,104,106,105,37040],"class_list":["post-336368","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-138917","tag-7-on-your-side","tag-7oys","tag-consumer-news","tag-how-much-do-you-need-to-retire","tag-how-much-to-retire-in-california","tag-money","tag-retirement","tag-retirement-fund","tag-retirement-savings","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news","tag-stephanie-sierra"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/336368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=336368"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/336368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/336369"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=336368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=336368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=336368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}