Topic: social-security

Panicking About Retirement Savings? The Math Is Often Less Scary Than the Headlines

• The headlines say you need $1.5 million to retire, and millions of people quietly panic that they are nowhere close.
• But the scary round numbers usually ignore two big cushions: Social Security, and the fact that spending tends to fall as people age.
• Here is a calmer, more accurate way to think about it, though the reassurance comes with a real caveat.