$1.25 million. That's the average amount Americans think they'll need to retire comfortably, according to a survey released in the fourth quarter of 2022 by Northwestern Mutual. A year earlier, the magic number was a little over $1 million. 

However, the survey revealed that four in 10 Americans don't think they'll be financially prepared to retire when the time comes. You don't have to be in that group, though. Want to be a millionaire in retirement? Follow this Warren Buffett advice.

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Source Fool.com