Americans believe they’ll need $1.46 million to have a comfortable retirement, according to an annual Northwestern Mutual survey. That’s a far cry from the average amount Americans have actually set aside for retirement—$88,400. “People’s ‘magic number’ to retire comfortably has exploded to an all-time high, and the gap between their goals and progress has never been wider,” says Northwestern executive Aditi Javeri Gokhale.
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