Reported about 2 months ago
The dream of retiring with $2 million remains just that for most, as only about 3.2% of retirees have more than $1 million saved, with those reaching $2 million being an even smaller fraction. The average retirement savings for those 65 and older is only $232,710, indicating that the $2 million milestone is unattainable for the majority. Key factors for the few who achieve this include an early start, consistency in savings, smart investments, higher income, and education, but whether $2 million is sufficient for retirement varies based on individual circumstances.
Source: YAHOO