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How much money do Americans in their 30s have saved up?

How much money do Americans in their 30s have saved up?

People in their 30s may be a long way from their retirement savings goals, but they have plenty of time to get on track.

On average, Americans say they need about $1.46 million saved to retire comfortably. And for Millennials, most of whom are in their 30s, that number is just over $1.6 million.

However, many in their 30s have far less than that saved.

The average balance is about $22,100, according to the most recent data.

Over a third of people cite the rising cost of living as an obstacle to achieving their retirement goals.