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Fortune
Fortune
Alicia Adamczyk

UNCOVERED: Gen x thinks they need 1 5 million to retire - Caught on Camera

Senior woman resting outdoors at sunset, caravan trip holiday. (Credit: Halfpoint Images/Getty Images)

After a bruising two years, Americans are rethinking how long they'll need to work and how much money they'll need to retire comfortably.

Adults in the U.S. say they’ll need $1.27 million to retire comfortably, up from the $1.25 million last year, according to Northwestern Mutual's 2023 Planning & Progress study, which surveyed 2,740 people over 18. The age they plan to work until has also ticked up, to 65 from 64 last year and 62.6 in 2021.

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