Retirement might feel far off for millions of U.S. employees, but it’s never too soon to think about your golden years — and how much money you’ll need to live them well.
The average age to retire for U.S. workers is 62, according to a 2024 Mass Mutual study, and many Americans consider $1.46 million the minimum for a comfortable retirement, per a Northwestern Mutual report.
Naturally, professionals of different generations hold varying views on retirement savings goals and the ideal age to leave the workforce for good.
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Charles Schwab’s annual survey of 401(k) participants,