The Shocking New Retirement Number for 2025—And Why 91% of Americans Miss The Fidelity Benchmark

Erin Talks Money May 5, 2025
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Erin Talks Money

@erintalksmoney

About

I'm Erin Moriarity & welcome to Erin Talks Money. 😊 Let's talk all things finance. Money, investing, wealth building, with an extra emphasis on retirement related subjects (and social security). Because the more you understand personal finance, the better life you can live. Please note that this channel does not provide financial advice, videos are made for entertainment purposes only. New Videos every week. Please note that I DO NOT have accounts on X (formerly Twitter) or Facebook and I will NEVER reach out to you through WhatsApp. Please stay vigilant and be aware of imposter accounts.

Video Description

0:00 – Intro 0:33 – The 10x Income Rule – And Why Few Hit It 2:32 – The Shift in Retirement Expectations 4:14 – Income-Based vs. Expense-Based Planning 6:36 – What If I’m Way Behind – Can I Catch Up? 7:55 – Social Security Changes the Math 11:09 – The Million Dollar Myth 12:13 – Bloopers Wondering how much you really need to retire? In 2025, the new retirement number is a shocking $1.26 million—yet 91% of Americans fall short of this Fidelity benchmark. In this video, we break down why the target is so high, why most people miss it, and what you can do to catch up—no matter where you are right now. Learn how Social Security, spending, and smarter planning can help you build the retirement you want. Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here: https://www.youtube.com/c/ErinTalksMoney Thanks for watching, I appreciate you!

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