INTERNATIONAL BUSINESS TIMES uk NOTICEBOARD My account Log Out Jun 30, 12:24 AM BST Business Latest News UK News Personal Finance Tech and Science Work Life Women in Business Travel Real Estate Reviews NOTICEBOARD My account Log Out UK Edition Business Latest News UK News Personal Finance Tech and Science - Science - Cybersecurity - eSports - Artificial Intelligence Work Life - Retail - Hospitality - Healthcare - Motoring - Finance & Banking - Sports Betting Women in Business Travel Real Estate Reviews Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NOTICEBOARD Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Travel Why Wailea, Pelican Bay, And The Villages Are Ultimate Retirement Destinations Despite High Costs Roughly 20% of Hawaii's population is 65 or older By Danielle Summer @DanielleSummerr Published 06/30/24 AT 12:24 AM BST Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Hawaii is the worlds best place for retirees. Troy Squillaci/Pexels According to a Schwab Retirement Plan Services poll , the average American expects to retire comfortably with almost $1.9 million.
However, the Federal Reserve's 2022 Survey of Consumer Finances reports that the average household savings for individuals aged 65 to 74 is only $609,230. This gap inevitably affects retirement plans, as retirees must ali.