Why $1 Million won’t be enough for most of you to retire

In a recent survey of more than 2,000 U.S. adults, just 31% said $1 million is not enough to live off of in retirement. But it’s that small group who’s probably right, experts say. Indeed, Kimberly Foss, President and Founder of Empyrion Wealth Management, says that for most Americans $1 million won’t be enough: When you factor in inflation, Americans’ average age and salary and assume people will retire at 65, she says that $2 million is a better number for many of us to aim for.