Reported 2 months ago
Only about 10% of retirees manage to save $1 million or more for retirement, according to Smart Asset. The average net worth increases with age, peaking for those aged 65-69 at approximately $1.84 million. While the aspiration to save a million is widespread, many retirees live comfortably with much less, often supplemented by Social Security. Effective planning and disciplined saving can help ensure a secure retirement without needing to reach the million-dollar mark.
Source: YAHOO