Personal Finance
Saturday, 6/27, 05:44 PM
Americans Think They Need $1.6 Million to Retire. The Median 55-Year-Old Has Far Less.
- A new Charles Schwab survey puts the retirement 'magic number' at $1.6 million.
- Yet the typical American in their late 50s and early 60s has saved about $205,000 — roughly an eighth of that — a gap that looks alarming until you account for what the number leaves out.


