Americans say they need $1.8 million in savings to retire, according to a new Charles Schwab survey.
But only 37% of workers think they're very likely to achieve their target, down 10% from last year.
They listed inflation and stock market volatility as the biggest obstacles to saving for retirement.
Americans say they need $1.8 million in savings to be able to retire, according to a new survey from Charles Schwab.
He added that though many workers are trying to cut back on spending, "retirement saving continues to be a priority for workers."
Persons:
Charles Schwab, Brian Bender
Organizations:
Schwab Workplace Financial Services