BlackRock (BLK) Survey Shows Retirement Target Rises to $1.46M

According to the Northwestern Mutual 2026 Planning & Progress Study, the average retirement savings target for Americans has increased by 15% to $1.46 million, up from $1.26 million the previous year. Median savings for Americans aged 55 to 64 is only $185,000, which is about 13% of the new target. The BlackRock (BLK) survey of registered voters indicated a retirement target of $2.1 million. This matters for investors as the rising cost of living and longer lifespans put pressure on individuals to save more for retirement, influencing savings strategies and market behavior.