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GOBankingRates surveyed roughly 1,000 American adults to find out how much they think they need to retire rich.
While theres no one-size-fits-all answer, heres what they said as well as how to determine your own numbers.
Roughly 31% believe they need between $1.5 million and $5 million.
Notably, 16% of respondents said they need over $5 million to retire rich.
For the most part, couples feel like they need more money to retire wealthy than individuals do.
You might want to start with a budget and an estimate of your future expenses.
You might need a much larger amount if you want to retire rich.
If you havent retired yet, nows a good time to assess your saving and investment strategies.
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