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Many Young People Think They Can Retire as Millionaires. What About You?

TheMotleyFool

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Many Young People Think They Can Retire as Millionaires. What About You?: https://g.foolcdn.com/editorial/images/756010/woman-with-dwarfism-working-out-at-the-local-park.jpg

Here are some interesting statistics: According to a survey taken earlier this year, about one-third of American workers, 32%, say they would need more than a million for retirement to live comfortably. When asked how they're doing regarding retirement savings, 37% of respondents said they are right on track or ahead of where they should be -- and a hefty 45% of Gen Zers (aged 18 to 26) and millennials (aged 27 to 42) said that.

So...young people are feeling confident. Well, that's good -- they should. Because most young people have the ability to retire as millionaires, if not multimillionaires, due to having a lot of time. You might be able to retire a millionaire, too.

Image source: Getty Images.

Source Fool.com

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