Although many Americans believe they need $1.26 million to retire comfortably, most fall short of that goal. (1) In fact, millions of seniors retire with little or no savings at all. Empower reports that the median net worth for Americans in their 50s is $191,857, rising to just $290,447 for those in their 60s — far below the target. (2) A 2024 AARP survey found that one in five adults over 50 have no retirement savings at all. (3) Yet despite these shortfalls, many retirees find ways to get by. Data sug ...