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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Danielle AntoszSat, December 27, 2025 at 9:00 PM GMT+1 6 min readMost retirement advice focuses on one thing: save as much as you can. Many estimates show you may need close to $1 million to retire comfortably in many states, and as much as $2 million in more expensive places like Hawaii (1).But here’s the problem: most Americans aren’t close to those numbers. Fidelity data shows the average person nearing retirement (aged 55 to 64) has around $200,000 saved — far less than experts say is needed. Younger workers are even further behind, with the under-35 group averaging just about $45,000 in retirement accounts (2).And even if you do manage to build a solid nest egg, saving enough is only half the equation. What happens after you retire can matter just as much. Here are six mistakes that many Americans make with their retirement savings.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPI’m almost 50 years old and have nothing saved for retirement. What do I do? Don’t panic. Here are 6 easy ways to catch up (and fast)Even well-prepared retirees can unintentionally burn through savings too fast. The biggest missteps can be costly indeed, so here’s a breakdown of what they are, and how you can avoid them:It’s easy to assume that if you retire with $1 million or $2 million saved, you have enough to “take what you need.” But random withdrawals add up quickly. Say you retire with $1 million and decide to take out money as expenses pop up: $4,000 for a vacation, $2,000 for home repairs, $1,000 for gifts.If you average $2,000 per month in sporadic withdrawals, that’s an extra $24,000 a year, or 2.4% of your portfolio. Those withdrawals pile on top of regular living expenses, so you could still end up drawing far more than planned — especially in years with big surprise costs.When the market dips, selling to fund withdrawals means you’re locking in losses. If your portfolio drops 20% and you pull out $50,000 to cover living expenses, that money has no chance to recover when the market rebounds.Experts often suggest keeping one to two years of expenses in cash so downturns don’t force bad-timing decisions. Without that buffer, retirees may unintentionally shrink their portfolio at the worst possible time.Shifting to safer investments in retirement is reasonable, but going 100% conservative can backfire. A conservative portfolio earning just 2% per year will struggle to keep up with inflation. Instead, a portfolio that keeps 30% to 60% in stocks, as financial planners often recommend, may offer better long-term growth and help preserve purchasing power.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,929.94 -2.11 (-0.03%)Dow 3048,710.97 -20.19 (-0.04%)Nasdaq23,593.10 -20.21 (-0.09%)Russell 20002,534.35 -13.74 (-0.54%)VIX13.60 +0.13 (+0.97%)Gold4,552.70 +49.90 (+1.11%)Trending tickersBTC-USD Bitcoin USD 87,488.10 -48.81 (-0.06%)XRP-USD XRP USD 1.85 +0.01 (+0.28%)ETH-USD Ethereum USD 2,929.45 +3.02 (+0.10%)SOL-USD Solana USD 123.52 +1.40 (+1.15%)AEIS Advanced Energy Industries, Inc. 217.86 +0.63 (+0.29%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)ZETA Zeta Global Holdings Corp. 20.70 +1.59 (+8.32%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.10 +0.19 (+3.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events