Stock image: Facing down a tidal wave. Source: Shutterstock

A new survey has found that Americans age 45 and older think, on average, it will take $1.1 million to retire comfortably—but only 21 percent expect to reach the $1 million mark by retirement, and almost 60 percent expect to have half of that or less when they retire.

The information comes from the Schroders 2023 U.S. Retirement Survey, conducted earlier this year with 2,000 investors ages 27 to 79. The median income of the respondents is $75,000.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.