
▲ 100 r/retirement
The retirement "magic number" keeps rising
Here's a dispatch from the USA Today personal finance beat: Do you need to amass a specific sum of savings to retire comfortably? Northwestern Mutual now puts the retirement "magic number" at $1.46 million. If you're looking for a more personalized goal, consider saving up to 10x your annual salary before you retire. And if you're nowhere near that goal -- don't panic. Only half of American households have retirement accounts, and most retirees say they're doing fine. (Incidentally, I'd be interested to know if you guys consider the "magic number" concept helpful. Some readers clearly do not!) https://www.usatoday.com/story/money/personalfinance/2026/06/21/how-much-money-to-save-for-retirement/90610666007/
u/ddevise — 12 days ago