Americans think they need almost $1.5 million to retire. Experts say to focus on another number instead
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Americans' "magic number" savings goal for retirement has increased by over 50% since 2020. But experts say true wealth is determined by your savings rate.

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More from CNBC | Individual retirement accounts 401(k) plans Personal debt Financial planning Family finances Personal investing Retiree finances Personal saving Retirement planning Personal finance business news cnbc Articles Personal Finance Retirement Savings Investing Your Money source:tagname:CNBC US Source