Retirees Will Likely Outlive Their Savings in 5 States, Falling Short By Up to $448,000. Here’s Where They Have Better Odds.

How much money do you really need to retire with peace of mind?

Americans believe the “magic number” for a comfortable retirement is $1.26 million, down $200,000 year over year, according to recent research from Northwestern Mutual.

Still, despite the slight decrease, the anticipated figure for retirement security remains out of reach for many people in the U.S.

Related: About 45% of Americans Will Run Out of Money in Retirement, Including Those Who Invested and Diversified. Here Are the 4 Biggest Mistakes Being Made.

One in five Americans over the age of 50 has no retirement savings, and more than half worry they won’t have enough money to last in retirement, per an