Workers Say They Need $1.2 Million to Retire. That Buys $48,000 a Year.

Americans with workplace retirement plans believe they need $1.2 million to retire comfortably, Schroders reported July 15, 2026. Under the standard 4% withdrawal rule, that nest egg produces $48,000 in first-year income before taxes. Separately, 33% of plan participants carry more credit card debt than retirement savings.