Of the U.S. workers who’ve tried to figure out how much money they’ll need to retire, two out of five are betting on more than $1 million. That’s according to the findings of the latest Retirement Confidence Survey, published by the Employee Benefit Research Institute (EBRI), Tuesday.
The figure represents a jump of 19% on those who said they needed more than $1 million to retire a decade ago, according to Bloomberg, which also notes that people’s expectations on the size of the nest egg they’ll require tends to rise with their income.
