US workers say they need $1.8 million in savings to be able to retire and list inflation as the biggest obstacle

Thu, 08/03/2023 - 08:15

Americans say they need $1.8 million in savings to retire, according to a new Charles Schwab survey.
But only 37% of workers think they're very likely to achieve their target, down 10% from last year.
They listed inflation and stock market volatility as the biggest obstacles to saving for retirement.

Americans say they need $1.8 million in savings to be able to retire, according to a new survey from Charles Schwab.