Helga Rivera Insurance

The Biggest Retirement Challenge for Boomers Might Be Talking to Their Kids Older generations are more likely to stay hush-hush about their finances compared with younger ones.

The Typical Couple's Cost of Retirement in Every State—And the Nest Egg You'll Need to Afford It A typical American couple needs about $1.16 million saved to retire comfortably—less per person than what a single retiree needs. The average retired couple spends about $84,000 a year, with Social Security covering less than $38,000 of that amount.