US. Plan Participants Believe They Need $1.2M to Retire, per Schroders
Even if some retirees do not know how their retirement assets are allocated, a consensus among workplace plan participants is they will need more than $1 million for retirement when it is time to cash out. Schroders PLC’s 2026 US Retirement Survey, which surveyed 1,500 U.S. investors nationwide from ages 30 through 79, including 382 retired individuals, from March 20 through April 15, asked plan participants, “What level of savings is needed on Day 1 of retirement?” Survey respondents, on...
