These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

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.

Related: Americans in These 5 U.S. States Might Fare the Worst in Retirement. How Do Your Numbers Compare?

Charles Schwab’s annual survey of 401(k) participants,

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

The No. 1 Place to Retire in the World Might Not Be On Your Radar — Plus, 9 Other Top Retirement Destinations

If relocating is part of your retirement plan, you're not alone.In 2024, 258,000 Americans relocated for retirement, per research from HireAHelper, an online...

How to Get Your Business Recommended by AI Tools Like ChatGPT — and Win More Clients

Opinions expressed by Entrepreneur contributors are their own. A few weeks ago, I got a message from a company I'd never heard...