In 2022, the most recent year with available data, the median retirement savings for Americans aged 55 to 64 was $185,000, according to the Federal Reserve. Let’s say you’re 63 with $390,000 saved.

This article adheres to strict editorial standards. Some or all links may be monetized. In 2022, the most recent year with available data, the median retirement savings for Americans aged 55 to 64 was ...

This article adheres to strict editorial standards. Some or all links may be monetized. In 2022, the most recent year with available data, the median retirement savings for Americans aged 55 to 64 was ...

Most of us have a number in mind when it comes to retirement—whether it's scribbled in a planner or floating around somewhere between "I've had enough" and "my 401(k) says no." But what if there's ...

I’m retiring next year at 63. I will have $1.5 million in savings. I’ve received conflicting advice. One financial adviser says I should keep my investments allocated 70/30 in equities/bonds and cash.