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The 'magic number' Americans say they need to retire comfortably is $1.46 million—how to catch up if you're behind

Apr 07, 2026 16:29 UTC

Data from Northwestern Mutual shows that Americans say they need a bigger number to retire, and they're having trouble getting there..

  • Related Stories No two people's financial needs in retirement are exactly the same
  • But Americans, on average, seem united about something: They'll need to save more to retire than they previously thought
  • U

Related Stories No two people's financial needs in retirement are exactly the same. But Americans, on average, seem united about something: They'll need to save more to retire than they previously thought. U.S. adults say they'll need $1.46 million, on average, to retire comfortably, according toNorthwestern Mutual's 2026 Planning and Progress study. That's a 15% jump from the $1.26 million they said they'd need in the report's 2025 edition. "The new 'magic number' reflects a convergence of factors — from persistent inflation and longer life expectancies to uncertainty about the future of Soci

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