The median retirement account balance for Baby Boomer workers is $194,000, yielding only about $7,178 to $7,760 in annual retirement income.
Most Baby Boomers won't have enough income from Social Security alone, making investment returns crucial for a comfortable retirement.
Based on the 4% rule, a $194,000 nest egg may provide only $7,760 annually, posing challenges for Boomers as they retire.
The Transamerica Center's findings highlight that many Baby Boomers face a retirement where their savings fall significantly short of creating a secure financial future.
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