Americans Target $1.2 Million for Retirement. Here's What That Actually Yields.

Schroders reported July 15, 2026 that workers with retirement plans believe they need $1.2 million to retire comfortably. Apply the standard 4% withdrawal rule — draw 4% of savings annually — and that produces $48,000 in first-year pre-tax income. Separately, 33% of participants carry more credit card debt than retirement savings.