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Retiring with 10-times your ending salary puts you in a great position to kick off your senior years. Read on to see how to hit this goal without straining your budget.
A 2024 study from Northwestern Mutual shows that Americans believe they need $1.46 million to retire comfortably, but the current American’s average retirement savings sit at just $88,000.
A 2024 study from Northwestern Mutual shows that Americans believe they need $1.46 million to retire comfortably, but the current American’s average retirement savings sit at just $88k.
Furthermore, A 2024 study from Northwestern Mutual shows that Americans believe they need $1.46 million to retire comfortably, but the current average retirement savings sit at just $88,000.
"The 10x assets-to-income ratio is a guide that can help people determine how they can be better prepared for retirement," said Chuck Cornelio, president of Defined Contribution at Lincoln ...
The average retirement savings balance among Americans of all ages is $88,400. And while that's a lot of money for someone in their 20s or 30s to have saved for retirement, for older workers, it ...