💨 Abstract

In 2025, Americans expect to need $1.26 million to retire comfortably, down $200,000 from 2024. The "magic number" varies greatly depending on lifestyle, expenses, and market conditions. Financial advisors emphasize creating a flexible income strategy that adapts to real-world conditions rather than focusing on a single target number. Factors like health care, inflation, and market volatility must be considered when planning retirement income.

Courtesy: WTOP Staff