If you want to retire comfortably, the amount you'll want to aim for is $1.5 million, according to a recent study from insurance company Northwestern Mutual. Given rising inflation in recent years, Americans need to budget much more for retirement than just $1 million (what was seen as the "magic number" back in 2021).

It's a high target, but depending on how much you have saved up, and the number of investing years you have left, it may not be impossible. Here's how much you would need to invest today to be on track to retire with that much in your portfolio.

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Source Fool.com