Millennials appear to be in the best financial shape—they need to save only $23,969 annually to reach their retirement goals because they have more time to save.
Study Defines Saving Requirements By Age
A recent study by Natixis Investment Managers of individuals’ assets and aspirations has determined that a typical Baby Boomer needs to save $142,357 annually to reach his or her retirement goal while Gen Xers need to save $42,849 per year. So reports CNBC.