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So Americans think that theyre going to need $1.46 million to retire. Where that number come from? Northwestern Mutual, a big brokerage company, recently came out with a study that revealed that in 2024, the magic number that Americans think they need in order to retire in comfort is $1.46 million, which is a 15% jump from the prior year. And so the question arises is that accurate? And if it is or even if its not, where does this feeling or a sense that we need more money in order to retire comfortably, especially by such a big margin, 15% increase year over year means last year the number that Americans reported that they needed in order to feel comfortable retiring was something like $300,000, $250,000 less than what theyre reporting now. So the question is why and where does that come from? So lets talk about a few of these points. Before we get into whether thats accurate, what are some of the reasons that we might be feeling this way? Well, one is that housing costs and heal
