In its 2026 retirement survey, Clever found that 64% of retirees believe the U.S. is in a retirement crisis. The average retiree has $288,700 saved but claims you need $823,800 to retire comfortably. Why do so many see a retirement crisis? Also see five retirement shifts coming in 2026. Looming Social Security Insolvency The Social Security Administration currently forecasts insolvency by 2032. If that happens, retirees could face a 24% benefit cut across the board, as detailed by the Committee for a R ...

Quick Read Social Security’s trust fund depletes by late 2032 and triggers an automatic 24% benefit cut without congressional action. A typical dual-earning couple retiring in 2033 faces an $18,100 annual benefit reduction. Replacing lost income over retirement requires an additional $115,000 to $172,000 in personal savings. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Social Security's retirem ...