63% of Americans have less than $50K in retirement savings

How much you need to save for retirement depends on your age and your personal circumstances.

The GOBankingRates survey found that most Americans have savings of less than $50,000 for retirement

The majority (36%) have savings of less than $10,000

An additional 27% have between $10,000 and $50,000.

The survey found that $10,000 for retirement at ages 25 to 34

Between the ages of 35 and 44 and 55 to 64, 37% have $10,000 or less.

31% of people aged 65 and older have $10,000 or less.

please share this story

Find out more