Retirement Costs Surge to Record $1.46M Amid Soaring Inflation in the U.S.
The Villages, Florida – In the midst of rising inflation, Americans are facing the harsh reality that retirement is becoming more and more expensive. A recent study conducted by Northwestern Mutual revealed that the “magic number” needed to retire comfortably has reached a record high of $1.46 million this year. This marks a significant increase from previous years, surpassing the current inflation rate of 3%. Over the past five years, Americans’ perceived ideal retirement savings …