From Nasdaq: 2025-04-13 05:04:00

To ensure a comfortable retirement, it’s essential to save a specific amount. According to a Northwestern Mutual survey, the average American believes they’ll need $1.46 million for retirement, which could generate around $60,000 annually. Investing $400 monthly in a Roth IRA with a 10% return could lead to $1.5 million after 35 years, with tax-free growth and withdrawals. Consider inflation and adjusting contributions over time. The key is to start saving as soon as possible, as growth from investments plays a significant role in reaching your retirement goal, even with modest contributions.

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Read more at Nasdaq: Here’s How Much You’d Need to Put in Your Roth IRA to Save $1.46 Million in 35 Years