Gen X, First Generation Dependent on 401k Plans, Predicts a $400K Retirement Shortfall According to Schroders' Study

Core Insights - Generation X faces a significant retirement challenge, with only 16% believing they have saved enough money for retirement [1] - On average, Generation X expects to retire with $711,771 saved, which is substantially below the $1,116,747 they believe is necessary for a comfortable retirement [1] - The savings gap for Generation X is $404,976, the largest among all generations surveyed [1]