If you’re feeling a little behind on your retirement savings, you’re not alone.
According to the 2025 Northwestern Mutual Planning & Progress Study, the average American believes they need $1.26 million to retire comfortably. Yet the reality is far grimmer: One in four Americans who have retirement savings say they’ve put away just one year or less of their current income. Even more concerning, 51% of U.S. adults think it’s likely they’ll outlive their money.
In short, most people aren’t on track. But the good news is, there are practical steps you can take today to catch up — no matter where you’re starting from.
This post originally appeared at The Motley Fool.