Even if you have six-figure retirement savings, you still may regret retiring early — and here are 3 reasons why Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Most Americans would probably say they need to be in the seven-figure club to consider a comfortable retirement — and they would like to retire as early as possible
A recent Empower survey seems to confirm this view (1). The survey, which was conducted in June 2025, found that the average American thinks they should be retired by the age of 58. That is six years earlier than the actual average retirement age of 64, based on 2024 data from the Center for Retirement Research at Boston College (2).
Top Picks – – – The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold Meanwhile, the average American believes the “magic number” for most adults to retire comfortably is $1.46 million (3). Simply put, the ideal target is reaching well above seven-figures before 60.