Insights | 09.23.20
401(k) Savers Want Advice on How Much They Need for Retirement: Schwab
Forty percent of 401(k) participants want help in determining how much they will need to save for retirement, according to survey results from Schwab Retirement Plan Services. Sixty-eight percent of respondents estimated that their retirement savings would last 24 years, on average, the survey showed. On average, study participants said they planned to retire at age 65 and estimated they would need to save $1.9 million for retirement.
Read the full article on Think Advisor.