Lower-income households are more likely to be at risk of a retirement savings shortfall and face a larger retirement savings gap. Just 37% of Americans think they’re on track for retirement.

You need to replace roughly 80% of your pre-retirement income to have a seamless transition into post-working life. Your savings should equal at least 10x your annual income at retirement.

Watch Out: Avoid This Retirement Savings Mistake That’s Costing Americans Up To $300K Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money Earning passive income doesn't ...

We're saving almost enough in our 401 (k) retirement plans. Here's the magic number. After years of fitful progress, Americans with 401 (k) accounts are finally saving enough for retirement – almost.

The average retiree on Social Security today gets about $1,915 a month, or roughly $23,000 a year. If the idea of having to live on such little income scares you, then the solution is simple: You ...

In 1989, 43.1% of Americans aged 55 to 69 were employed, according to the Bureau of Labor Statistics. By 2019, 54.8% of older Americans were still working. ... Higher retirement savings, ...

Studies show that most Americans worry that their savings will fall short in retirement. It's a reasonable concern. The average household spends more than $40,000 per year in retirement, according ...

Retirement Saving Plan Statistics. Obviously, not every retirement plan is the same. Here are some other retirement plan statistics to take note of. 48.

For instance, saving 15% of a $40,000 salary works out to $6,000 per year, or $30,000 over five years. And if you invested the money in a retirement account, like a 401(k) or IRA, it's growing ...

To get a broad sense of how drastically the retirement savings landscape has changed, consider that there were 27.2 million active participants in private-sector DB plans in 1975, according to the ...

A retirement savings balance of $87,000 is clearly better than a $0 balance. ... Meanwhile, the Bureau of Labor Statistics puts the median annual wage for 26-year-olds today at about $56,000 .