This Is How Much Older Adults Think Retirement Will Cost Each Year

Your senior years may be some of the best of your life, but retirement comes with a hefty price tag. Especially with older adults living longer and general living expenses continuing to climb, you may need to save more than you think. While everyone's financial situation is different and how much you need to retire comfortably may differ significantly from what someone else may need, getting an idea of how much other older Americans expect retirement to cost can help you determine whether you're in the right ballpark.