According to a study by Allianz Life, 64% of Americans aged 25 and older are more fearful of running out of money in retirement than dying, driven by inflation, taxes, and concerns about Social Security benefits. The study highlights that Gen Xers, facing imminent retirement, are the most worried, with 70% expressing concern, while the average American believes they need $1.26 million for a comfortable retirement, significantly higher than the median retirement savings of $87,000. Financial expert Kelly LaVigne advises individuals to seek professional help to navigate these uncertainties and improve their financial security.