How much money you should save for a comfortable retirement
Updated:
Many Americans are anxious and confused when it comes to saving for retirement.
Many Americans are anxious and confused when it comes to saving for retirement.
One of those pain points: How much should households be setting aside to give themselves a good chance at financial security in older age?
More than half of Americans lack confidence in their ability to retire when they want and to sustain a comfortable life, according to a 2024 poll by the Bipartisan Policy Center.
It’s easy to see why people are unsure of themselves: Retirement savings is an inexact science.
“It’s really a hard question to answer,” said Philip Chao, a certified financial planner and founder of Experiential Wealth, based in Cabin John, Maryland.
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Fires reach Hollywood with fears iconic sign could be at risk
Moment friends abandon house as Palisades fire closes in
Reservoir in Pacific Palisades was out of commission when fire started
How L.A. fire victims can navigate insurance claims: Experts outline key steps for a smoother process
California rescue groups open their doors to pets, some with burns
Trump makes misguided accusations about California water management amid wildfires
Supreme Court leans toward upholding law that could ban TikTok: What to know
Wildfires complicate California Democrats' plans to lead Trump defiance
What happened at the Trump sentencing today: Former president given penalty-free 'unconditional discharge'
Former LSU WR Kyren Lacy investigated in connection with a fatal auto wreck
Trump's incoming border czar says mass deportations will include workplace roundups
Key senators receive Pete Hegseth's FBI background check days out from confirmation hearing
Disney, Fox, Warner Bros call off Venu sports streaming service
McDonald's to close three CosMc's locations — and open two more
Meta to end programs aimed at diversifying workforce
California wildfires in photos: Images capture the catastrophic scale in Los Angeles and the Palisades
Los Angeles residents return to ashes and ruins after devastating wildfires
Venezuelan President Nicolás Maduro is sworn in despite credible evidence of election loss
Biden to deliver a farewell address to the nation on Wednesday
Rudy Giuliani held in contempt of court for the second time related to his defamation case
Why Trump wants to take over Canada, Greenland and the Panama Canal
Private equity reduces patient care while enriching investors, Senate report finds
US announces $25m reward for arrest of Venezuela's Nicolás Maduro
US and UK toughen sanctions on Russian energy industry
Lead pollution in ancient Rome may have dropped average IQ, study finds
Australia: Woman discovers fake Instagram wedding was real
When Jimmy Carter met Kim Il-sung and stopped a nuclear war
Meta and Amazon axe DEI programmes joining corporate rollback
In court with '9/11 mastermind' Khalid Sheikh Mohammed
US Supreme Court leans towards TikTok ban over security concerns
Trump avoids prison or fine in sentencing of unconditional discharge
Could a mango flavoured pill end intestinal worms?
Denmark struggles to stay calm in crisis over Trump threat to take Greenland
Gaza war death toll could be significantly higher, researchers say
Ros Atkins on...24 hours on Elon Musk's X timeline
Ghana's Dr Angela Tabiri: The Maths Queen with a quantum mission to mentor girls
Are arsonists responsible for the Los Angeles wildfires?
Newsom issues executive order suspending environmental regulations to help L.A. rebuild after fires
Los Angeles wildfires: How to help victims and avoid scammers
Appeals court allows Jack Smith's report on Trump’s election interference case to be released to public
NFL playoffs: Vikings on upset alert and other predictions for wild-card weekend
Houston Texans return blocked extra point for two points after miracle touchdown
Quiz: A king's subtle response to Trump and why the Roman Empire may have gotten dumber
Megan Thee Stallion restraining order against Tory Lanez extended to 2030
Sen. Lankford says he’ll vote in favor of Tulsi Gabbard for director of national intelligence
What comes next for Los Angeles: Fire & Ash - Part 6
How the Altadena community is recovering after the Eaton Fire: Fire & Ash - Part 3
L.A. fire captain opens up about the wildfires: Fire & Ash - Part 4
Residents of the Pacific Palisades return after the wildfires: Fire & Ash - Part 2
Biden awards Pope Francis Presidential Medal of Freedom with distinction
South Korea’s Yoon will not attend first impeachment trial hearing, local media reports, citing lawyer
Stories of bravery and courage in the L.A. wildfires: Fire & Ash - Part 5
Supreme Court to weigh reinstating Obamacare care requirements struck down by lower court
Winter storm that covered South and East Coast in snow and ice to move offshore
California wildfires: What we know about L.A. fires, maps, what caused it, who is affected and more
Delta passengers in Atlanta forced to evacuate on emergency slides amid winter storm
Ukraine captured two injured North Korean soldiers, Zelenskyy says
Former child star Rory Sykes dies in California wildfires as mom tried to save him
Lessons learned from trying to thaw icy relations between rivals U.S and China
Jeju Air 'black box' data missing from last 4 minutes before crash, South Korea ministry says
New Orleans police release bodycam footage of shootout with Bourbon Street attacker
Mark Zuckerberg says Biden officials would 'scream' and 'curse' when seeking removal of Facebook content
Winter storm forces Atlanta Hawks-Houston Rockets postponement
Split emerges among U.S. spy agencies over mysterious 'Havana syndrome'
U.S. adds 256,000 jobs, as Biden leaves Trump with a sturdy labor market
Biden calls Meta's decision to end fact-checking 'really shameful'
Yankees fans who interfered with Mookie Betts' catch during World Series banned from all MLB games
Chuck E. Cheese makes a comeback, with trampolines and a subscription program
New Mexico Supreme Court strikes down local abortion restrictions
Thousands of doctors urge Senate to block RFK Jr. as health secretary for Trump administration
Sudanese army claims capture of key city Wad Madani from rebels
Ukraine says it captured two injured North Korean soldiers in Russia
Los Angeles fires: 'Everything is gone' - Agony on a tight-knit Altadena street reduced to ash
Trump prosecutor Jack Smith resigns from Justice Department
South Korea air crash recorders missing final minutes
Germany says Russian 'shadow' oil tanker stuck in Baltic Sea
I'm Still Here: Walter Salles film brings Brazil's dictatorship past to the surface
Space junk metal ring baffles residents and sparks concern in Kenya village
Why Trump was spared a penalty in hush-money sentencing
Prince Harry and Meghan hug residents in Pasadena
'My father should die in prison" - daughter of Dominique Pelicot in exclusive interview
Gov. Newsom says L.A. wildfires could be worst natural disaster in U.S. history: Full interview
Santa Ana winds to keep fire threat high until Wednesday, forecast predicts
Gov. Gavin Newsom slams Trump's disinformation about California wildfires
Newsom says California wildfires will be one of the worst natural disasters in U.S. history
Ukraine 'ready' to exchange captured North Korean soldiers; 300 killed in war, South Korea says
Trump's return to power has old critics and skeptics reconciling with a new 'normal'
Senate braces for 'train wreck' as hearings kick off for Trump Cabinet picks
California wildfires: What we know about the victims
New England Patriots hire former player Mike Vrabel as head coach
Taliban do not see women as human beings, Malala Yousafzai says
Stocks have fallen back to pre-Election Day levels amid renewed inflation and interest-rate concerns
Special counsel Jack Smith resigns
A young gorilla rescued from an aircraft hold recovers at Istanbul zoo
Italy releases Iranian citizen held on a U.S. warrant over drone attack in Jordan
U.S. tightens its grip on AI chip flows across the globe
India kicks off a massive Hindu festival touted as the world's largest religious gathering
Taiwan reports 'significant rise' in suspected Chinese espionage
Location data broker Gravy Analytics was seemingly hacked, experts say
Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal
Weight loss drugs like Ozempic may be up for Medicare price negotiations — will Trump support it?
Sam Moore, who sang 'Soul Man' in Sam & Dave duo, dies at 89 due to surgery complications
Pentagon reaches historic settlement with LGBTQ veterans over discharge status
Haitians in the U.S. under temporary protection in anxious limbo amid shifting immigration policies
Former United Airlines employee was called anti-Asian slurs and physically assaulted on the job, settlement says
Puerto Rico's islandwide blackout attributed to outdated underground cable
Mexico President Sheinbaum claps back at Trump, suggests America Mexicana as new U.S. name
Trump administration will close down the Darien Gap, Tom Homan says
Oliviero Toscani, Benetton's shock photographer, dies aged 82
Shein: Inside the Chinese factories fuelling the company's success
German-Iranian woman Nahid Taghavi released from prison in Iran
Brazil's Minas Gerais state: Landslides kill at least 10
Nigeria military kills 16 civilians in Zamfara air strike 'mistake'
Zelensky offers exchange of North Korean soldiers
How Biden tarnished his own legacy
Mayotte hit by floods and mudslides from second storm Dikeledi
Syrians eye future without Russia, but Moscow still hopes to stay
South Korea: Suspended President Yoon gets salary increase
Trump threats cast ominous shadow over icy fjords of Greenland
Strasbourg tram collision injures dozens
Kerala: Dalit woman in India alleges rape by 64 men over five years
MapleStory: 'I got rape threats over claims I put feminist symbol in video game', says South Korea designer
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Trump wants to take Greenland: Four ways this saga could go
A bowl, a saw, a toy - this is what the victims of LA fires went back to get
Bawla case: A murder that shook British India and toppled a king
Virat Kohli, Rohit Sharma: Why India's Test cricket is in trouble
4-10 January 2025: Photos of the week
The woman using AI to bring aid to civilians in war-torn Lebanon
Watch: How four days of fire devastation unfolded in LA
Pete Hegseth's FBI background check doesn't include interviews with key women from his past
Drinking water could be contaminated in L.A. County areas affected by wildfires, experts say
Gazans anxiously await ceasefire news — but with their home in ruins, few know what's next
California prisoner firefighter program draws harsh criticism amid L.A. wildfires
MSNBC President Rashida Jones steps down after four-year tenure
Ceasefire deal between Israel and Hamas 'on the brink of coming to fruition,' Biden says
Israeli hostage families hold out hope after ‘rollercoaster’ negotiations
Facebook, Instagram, Meta changes: DEI, fact checkers and Dana White
SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty
RedNote: Chinese TikTok alternative tops app charts ahead of ban
Sydney beaches shut again over mysterious debris washed on shore
Ukraine launches major strikes on Russian cities
US allies' undersea cables are cut, world looks to Russia and China
Trump defense secretary pick Pete Hegseth faces grilling in first Senate hearing
Impeachment trial of South Korea's Yoon adjourned after he does not attend
Philippines alarmed after China sends ‘monster ship’ to disputed shoal
More than 100 feared dead as videos show bodies and trapped miners in South Africa
Cleveland-Cliffs CEO attacks Japan as he reiterates interest in acquiring U.S. Steel
North Korea launches missiles toward eastern waters in 2nd launch of year, South says
Magnitude 6.6 earthquake shakes Japan, prompting tsunami warnings
Inside the first hours of the deadly Pacific Palisades fire
Biden cancels student loans for 150,000 more borrowers
Connecticut youth basketball coach accused of vehicular assault after argument about game
Dementia risk may be twice as high as Americans live longer, study finds
Fired U.S. Center for SafeSport investigator arrested on new charges
FDA expected to propose limiting nicotine levels in tobacco cigarettes, as Biden term ends
New report sheds light on why young Asian Americans are 40% more likely to develop allergies
Cowboys won't bring back head coach Mike McCarthy
British heavyweight boxer Tyson Fury announces retirement one month after Usyk defeat
Last year was hottest in recorded history, NASA says
Supreme Court allows Hawaii climate change lawsuit to move forward
Asian American professor wrongfully accused of spying for China is suing University of Kansas
'Mufasa' and 'The Fire Inside' filmmaker Barry Jenkins does double duty at the box office
Notre Dame's Marcus Freeman becomes 1st Black and 1st Asian American coach to reach college football finals
Biden extends time in U.S. for Venezuelans, Salvadorans as Trump readies immigration crackdown
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Sophisticated smuggling tunnel found between US and Mexico
