Americans believe they need $1.46 million to retire in style. The new magic number for retirement, found in a study by Northwestern Mutual, is 15% higher than what people thought they needed last year—and 53% higher than the amount people in 2020 pictured themselves needing to feel comfortable leaving the workforce to sit on a beach in Florida. It’s also more than most people have socked away: On average, US adults have $88,400 saved for retirement.

S: Morning Brew