Only 52 percent of Americans expressed confidence that they will be comfortable in retirement, according to a March 2012 survey conducted by the Employee Benefit Research Institute.¹ Chances are people know they’re not putting enough aside or they simply have no idea how much they will need to continue the life they lead and the one they want for the future.

### How much do you really need to retire?

According to the report, 56% of Americans haven’t even performed a retirement needs calculation. Most people haven’t even taken the time to figure out how much they will need to retire. If you haven’t actually sat down and done the math (preferably with the help of a retirement calculator), chances are that you aren’t saving enough for your retirement.

### It always comes back to savings

Despite our constant speculation over market movements—in the end —one of the biggest predictors of whether or not you will have enough for retirement is how much you save. It’s that simple! Even if you never get around to doing your own calculations on how much you should save for retirement, at least do this: always save 20% of your income and invest it in a broadly diversified mix of stocks and bonds appropriate for your time horizon.

Recognize the reality: You probably aren’t saving enough for retirement and look for ways to boost your retirement account contributions.

You’ll be in a much better place when you retire.

### Try our Retirement Savings Calculator

You can see what you are on track for with your current savings and adjust advanced settings like your retirement zip code and the age when you elect to receive social security.

¹http://www.ebri.org/pdf/surveys/rcs/2012/fs-01-rcs-12-fs1-conf.pdf

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