Study: Americans Are Underestimating This Key Retirement Factor

A lot of planning goes into preparing for retirement and one of the most critical aspects is determining how much to save.

The average worker estimates retirement will cost roughly $1.7 million, according to a survey from Charles Schwab, but your retirement number could vary significantly. Factors such as your general living expenses, your desired retirement lifestyle, and where you live all play a part in how much you should save.

But there's one crucial factor many Americans are overlooking, and it could potentially wreck your retirement plans.

Source Fool.com