How much money do you need to retire comfortably?
According to a Bloomberg survey of professional and retail investors
, it's definitely in the seven figures. About a
third of those surveyed pegged the number at$3 million
. Another third at five million. About 10% identify
just one million. While another 10% said 20 million
. Their expectation is financial markets won't get in the
way of building that nest egg. More than 80%
of these market participants see the balance in their retirement
savings rebounding from last year's brutal market selloff. Vanguard
says the average 41 K. Was down 20% in
2022 it won't be familiar names like apple amazon and
Microsoft powering this expected recovery in investment portfolios. Instead
, market watchers believe a different group of companies will
lead the market over the next three years for returns
generated outside the U. S. A majority of
respondents see ASia as the best bet followed by europe
latam got less than 10% of the vote for now
, retail investors are more bullish than the pros.
Almost two Third of individual investors say they are 100%
confident that they'll have enough money to maintain their current
lifestyle once they retire. While only 40% of professional
investors believe that this uncertainty is likely a reflection of
an unsettled job market with a new financial services firm
or tech company seeming to announce layoffs daily