Here’s the New Magic Number for Living Comfortably in Retirement

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 Here’s how much Americans of various ages say they will need — and how much they actually have saved. ViDI Studio / Shutterstock.com

How much money will you need to retire? Your answer is likely to differ depending on your age. Recently, Northwestern Mutual surveyed 2,740 adults for its 2023 Planning & Progress Study and asked them how much money they need to save to retire comfortably. As a group, they answered $1.27 million. That is up from $1.25 million in 2022 — and it also is considerably higher than the $89,300…

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