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from24/7 Wall St.
1 day ago

The Average Baby Boomer Says They Need Less Than $1 Million to Retire Comfortably

Roughly 4.18 million Americans will turn 65 in 2025, marking a peak year for the boomer retirement wave. This high annual number equates to 11,400 a day hitting their mid 60s on average. The average baby boomer says they only need about $990,000 to retire comfortably, according to a 2025 Planning and Progress Study by Northwestern Mutual. This post was updated on November 1, 2025 to include the most up-to-date numbers and statistics on boomers.Key Points About This Article Unfortunately,
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from24/7 Wall St.
4 months ago
Retirement

I want to retire at age 62 in 5 years with $1.1 million in a 401(k) and a paid-off $475K home; is this possible?

from24/7 Wall St.
5 months ago
Retirement

3.1M Saved and Retiring in '26-Is It Time to Slow Down?

Reducing retirement contributions for short-term purchases can undermine long-term financial growth.
from24/7 Wall St.
6 months ago
Retirement

With only $400k stashed away for retirement, can we afford to lose my wife's 401(k) contributions?

Halting 401(k) contributions could jeopardize early retirement plans.
from24/7 Wall St.
4 months ago
Retirement

I want to retire at age 62 in 5 years with $1.1 million in a 401(k) and a paid-off $475K home; is this possible?

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