The "magic number" that Americans believe they need to have saved for retirement jumped from a year ago as some express anxiety about their retirement savings.Northwestern Mutual released a study on Wednesday which found that the amount of retirement savings Americans think they need to retire comfortably rose to $1.46 million.That figure is an increase of $200,000 from last year's edition of the report and is in line with the estimated magic number from 2024, the firm noted."The new 'magic number' reflects a convergence of factors – from persistent inflation and longer life expectancies to un...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free
