"Americans' Retirement Savings Crisis: The New $1 Million Magic Number"

Americans believe they need $1.46 million for a comfortable retirement, a 15% increase from last year, while the average nest egg has dropped to $88,400, far below the target. The study reveals a growing retirement crisis, with a significant gap between retirement goals and reality across all generations. Suggestions for avoiding a retirement crisis include working past the age of 65 and considering various factors such as income, marital status, and life expectancy when determining the size of the needed nest egg.