People think they need $1.2M to retire. Here's where that's actually true
A Schroeders survey shows Americans believe $1.2 million is necessary for a comfortable retirement. The sufficiency of this amount depends heavily on regional costs of living. Geography determines how far a seven-figure savings sum will actually stretch.
Americans think they need about $1.2 million in savings to retire comfortably, according to a survey by Schroeders published earlier this year. How far you can get with that seven-figure sum depends largely on where you live.
READ NEXT
More on the wire
FROM THE PUBLISHER
Residents at Thursday night's Clearwater City Council meeting voiced their opinions about whether to give up more property downtown.
FROM THE PUBLISHER
A Polk County jury still hasn't recommended a sentence for Shaun Reynolds, who's been convicted of killing three of his coworkers in 2021.
FROM THE PUBLISHER
Researchers used genetic data to confirm the cat is a new species.