Can You Guess How Many Americans Successfully Retire With $1 Million Saved? The Percentage May Shock You
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Saving for retirement is an essential goal for many Americans, but achieving the ideal savings target remains elusive for many. In 2023, the average American retiree had about $170,726 in retirement savings, a decrease from $191,659 at the beginning of 2022. This 10% reduction is significantly lower than the recommended $555,000. Only 12% of retirees have achieved or exceeded this recommended savings amount. Don’t Miss: The average American couple has saved this much money for retirement — How d
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