Most Don't Know How Much They Need To Retire

Retirement

61 percent of Americans have no idea how much money they'll need to save for retirement.  Perhaps more surprising is the fact that 19-million say they will never retire.  This is according to a new bankrate.com study that says millennials are most likely to be clueless about how much they'll need to live on during retirement, with 69 percent reportedly in the dark. Older Americans aren't much better, with the report indicating 58 percent of baby boomers and 59 percent of those 73 and older don't know how much they'll need have stashed away.

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