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Americans estimate needing $1.2M to retire, but state costs vary widely

By PulseAugur Editorial · [1 sources] ·

Americans believe they will need approximately $1.2 million to retire comfortably, according to a Schroders survey, though many anticipate falling short of this goal. Analyses from Investopedia suggest a range of $644,000 to over $1 million is needed depending on the state of residence, with housing costs being a significant factor. Factors such as individual spending habits, the amount of Social Security benefits received, and state-specific cost of living significantly influence the total retirement savings required. AI

RANK_REASON Article discusses financial planning and retirement savings needs based on surveys and analyses, rather than a new product or event.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Americans estimate needing $1.2M to retire, but state costs vary widely

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Article discusses financial planning and retirement savings needs based on surveys and analyses, rather than a new product or event.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Bilin Lin ·

    How much you need to retire in every state after Social Security—from $644,000 in North Dakota to $1 million in New Jersey

    There's no magic retirement number. Here's what you need in every state after Social Security.

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