Statistics Say: The Average Baby Boomer in America Has $120,300 in Retirement Savings: 1 Hack to Boost That Number and Avoid Relying on Social Security Down the Road.
The more money you're able to retire with, the more you might manage to enjoy your senior years to the fullest. And it may or may not surprise you to hear that Americans, on average, think it will take $1.46 million to retire comfortably, according to a recent survey by Northwestern Mutual.
At the same time, older Americans nearing retirement clearly have a huge gap to fill if $1.46 million is indeed the magic number. That's because the average baby boomer today only has $120,300 saved, according to the Northwestern Mutual report that labels the age group as boomers+.
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Source Fool.com
