The average amount that Americans said that they would need to “comfortably” retire has surged to $1.46 million as inflation continues to push up prices, a survey released Monday shows. The estimate for 2024 is 15% higher than last year and more than 50% higher than what people said in 2020, when the average response was just $951,000, according to the report released by Northwestern Mutual. Despite a rise in the amount that people said they would need, the average amount already saved in 2024 was just $88,400, far lower than the peak of $98,800 in 2021. “In 2023, the soaring cost of eggs in t…
