This Is How Much the Average Worker Thinks Retirement Will Cost

No matter how you look at it, retirement's not cheap. You'll likely be spending tens of thousands of dollars per year, which adds up quickly over the decades. And if you're planning on traveling, renovating your home, or picking up expensive new hobbies during your senior years, retirement could be even more expensive.

How much retirement will cost varies widely from person to person. Some people may only spend a few hundred thousand dollars over several decades, while others may need well over $1 million just to make ends meet. While everyone's needs will be different, this is how much the average worker thinks retirement will cost.

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