The Cost of Retirement

A retirement confidence survey asks seniors how much they think they’ll need to live comfortably in retirement. According to the 2017 Retirement Confidence Survey done by the Employee Benefit Research Institute and Greenwald and Associates, here are the results:

 

21% – Under $250,000

15% – $250,000 – $499,999

27% – $500,000 – $999,999

13% – $1,000,000 – $1,499,999

22% – $1,500,000 or more

The facts are, according to Merrill Lynch, 81% of American’s do NOT know how much money they’ll need in retirement.

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