Retirees can be financially secure with less than $1.46 million, Andrew Biggs notes

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03.04.2026

Retirees can be financially secure with less than $1.46 million, Andrew Biggs notes — Financial security with modest retirement savings

Andrew Biggs challenges the notion that $1.46 million is necessary for financial security in retirement.

According to Biggs, seniors who describe themselves as living comfortably typically have between $100,000 and $249,000 in retirement savings. His comment highlights that financial security in retirement may be achievable with less than commonly cited high sums.

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But we saved everything 🙂.

Biggs has previously cited OECD data showing that U.S. top earners receive a 21 percent Social Security replacement rate, compared to much lower rates elsewhere in an earlier analysis. He also warned that protecting accrued Social Security while cutting future benefits could discourage work in the U.S. in a separate commentary. These points reflect his continued focus on the interplay between retirement savings, Social Security, and financial security.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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