According to a 2025 study, Americans think they’ll need $1.26 million to retire comfortably. But what is considered wealthy in retirement has evolved beyond a dollar figure. Lifestyle, longevity, and how well your income supports the life you want to live play a much bigger role in how people define financial well-being. 

If you live just 20 years past your 65th birthday, $1.26 million could provide $5,250 a month, depending on market performance and your withdrawal strategy. Make it to 95, and that drops to $3,500 using the same assumptions. Would either amount make you feel wealthy in retirement? 

Read on to learn more about what wealthy retirement means today. We’ll show you how much you need to be considered a high-net-worth individual and how personal definitions of wealth determine how much you need to retire with confidence. 

What does wealthy retirement mean today?

Wealth in retirement depends on more than just what’s in your savings. Demographics, income levels, geography, and even cultural values all shape how people measure what it means to “have enough.”

If you cook at home or prefer slices of pizza to Michelin-star restaurants, you may need far less than $1.26 million to feel wealthy in retirement. Others who travel often or dine out frequently at expensive restaurants may require much more. 

The following factors can shape how secure and fulfilled you feel in retirement:

• Financial freedom: Also known as financial flexibility, this means having enough assets and income to easily cover your expenses, maintain an emergency fund, and still enjoy spending money on what you like to do. 
• Peace of mind: This can come from knowing you have a stable income. You might have less money or a smaller net worth than your neighbor, but you may feel more secure if you’ve built a reliable safety net—for healthcare, unexpected expenses, and market swings. 
• Legacy planning: Wealth also means the ability to support loved ones and causes you believe in while you’re alive and after you pass away. Taking a long-term view beyond sustaining enough funds in retirement is a luxury that indicates strong financial well-being later in life. 

What is high-net-worth retirement?

A high-net-worth retirement goes beyond numbers. It typically requires managing wealth to support your lifestyle, safeguard against risks, and build a legacy. That’s where high-net-worth retirement planning comes into play. It helps wealthy individuals think beyond basic savings and into sophisticated, tax-efficient wealth strategies.

Here are the tiers of high-net-worth individuals and what sets each apart: 

• HNWI (high-net-worth individual): Someone with $1 million or more in investable assets (excluding a primary residence). HNWIs are typically in the upper tiers of retirement income percentiles and may require more advanced planning to preserve and grow wealth over time.
• VHNWI (very-high-net-worth individual): VHNWI status starts at around $5 million and goes up to $30 million in investable assets. People in this bracket tend to diversify into alternative assets, such as private equity and hedge funds, and often seek advanced estate planning and tax strategies.
• UHNWI (ultra-high-net-worth individual): This group has $30 million or more in investable assets and often works with professionals to manage charitable giving, legacy planning, and generational wealth transfers. 

High-net-worth retirement planning typically focuses on stability, flexibility, and long-term income. Wealthy retirees may often build portfolios that hold a mix of:

• Stocks, ETFs, and mutual funds for growth
• Annuities and fixed-income products for reliable, guaranteed income
• Real estate for cash flow and lifestyle value
• Alternative investments like private equity, venture capital, and collectibles
• Cash and short-term instruments to maintain liquidity

High-net-worth retirement can be less about reaching a savings benchmark and more about sustaining your lifestyle, minimizing tax burdens, and being prepared for the unexpected. Goals will vary and everyone should have a plan that works for their unique situation. 

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How much do I need to retire comfortably vs. “wealthy”?

Most Americans estimate needing just over $1 million to retire comfortably. However, to retire “wealthy,” many financial advisors suggest aiming for a net worth of $3 million or more, especially if you want to travel, invest, or support others without financial worry.

Several key factors influence where you fall on the spectrum between financial comfort and lasting wealth in retirement: 

• Location and cost of living: Where you decide to live in retirement can significantly impact your financial needs. Retiring in a low-cost area may allow for a comfortable lifestyle for less. But living in a major city or high-tax state may require significantly more wealth to maintain the same standard of living.
• Lifestyle expectations: Your spending habits typically shape your financial needs. Downsizing can reduce costs and help you stay within a budget. But maintaining expensive habits like travel and supporting an extended family increases financial needs. 
• Inflation and market risk: Even with a high net worth, long-term purchasing power matters. Inflation can erode your savings, while market volatility can impact investment income. These factors can make you feel less wealthy, especially over a 20- to 30-year retirement horizon. 
• Healthcare and long-term care costs: Health expenses often rise as you age, especially if you need long-term care. While Medicare covers many standard costs, high-net-worth retirees may want access to premium care or private facilities, which can add hundreds of thousands in retirement costs over time.

Rethinking wealth in retirement with Gainbridge 

Wealth in retirement is about having the freedom to live on your terms without the stress of financial uncertainty. Security, peace of mind, and flexibility can matter more than your net worth. That’s why thoughtful, retirement investment strategies—and reliable income—are important considerations.

At Gainbridge, we provide products that help you build, protect, and enjoy your retirement income. Whether you’re just starting out or refining a high-net-worth retirement plan, Gainbridge’s annuities offer solutions to help you create lasting financial flexibility and stability.

Explore Gainbridge annuities to create and secure retirement income solutions today.

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This article is intended for informational purposes only. It is not intended to provide, and should not be interpreted as, individualized investment, legal, or tax advice. For advice concerning your own situation please contact the appropriate professional. The GainbridgeⓇ digital platform provides informational and educational resources intended only for self-directed purposes. Guarantees are backed by the financial strength and claims-paying ability of the issuer.

Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results.