Employees' new 'magic number' for retirement hits all-time high: $1.46 million

Against this retirement planning backdrop, however, employees are saving less for retirement, with the average amount now saved at $88,400 - a decrease of $10,000 from 2021, according to a Northwestern Mutual study.

By Thomas Gresham | April 29, 2024 at 12:12 PM

A new study from Northwestern Mutual suggests that Americans' "magic number" for how much money they believe they need to save for retirement has sharply risen in recent years, even while their actual savings are falling.

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Employees' new 'magic number' for retirement hits all-time high: $1.46 million

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1 Here's what self-funded health plans pay indie carriers for administration

2 Pennsylvania governor signs pharmacy benefit manager bill

3 DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

4 House Republican proposes making PBMs fiduciaries

5 UnitedHealth sued by providers, pharmacy group over massive Change data breach

Financial planning webinars: A new way to highlight a company's full benefits package

DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

IRS: New guidance on required minimum distributions, reflecting SECURE 2.0 changes

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Employees' new 'magic number' for retirement hits all-time high: $1.46 million

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1 Here's what self-funded health plans pay indie carriers for administration

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3 DOL's new fiduciary rule on hold, as judge grants insurer groups' request for injunction

4 House Republican proposes making PBMs fiduciaries

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