Americans Think They Need $1.26 Million to Retire. Are They Right?

Key Points Americans responding to a recent survey estimate they'll need $1.26 million to retire. This amount may be correct for some but not all retirees. The $23,760 Social Security bonus most retirees completely overlook › What's the magic number to achieve retirement security? According to a recent Northwestern Mutual study, it's $1.26 million. That's the amount the surveyed Americans told Northwestern Mutual they think they will need to have saved in order to support themselves after leaving ...