How Much Americans Think to Retire?

Americans believe they know how much money they'll need to retire comfortably: 1.1 million dollars

Unfortunately, only over a quarter of workers (24 percent) believe they will reach that goal.

Schroders, a European financial management firm, found these very depressing results in their investigation.

The firm commissioned a poll of 1,000 U.S. investors aged 45 to 75 from around the country.

While some investors in the study anticipate they will come close to the $1.1 million target,

the majority believe they will fall well short.

Sixty-six percent of survey respondents anticipate to earn less than $500,000.

 And only 36% of those in that group intend to save less than $250,000.