Friday, May 7, 2010

Retirees Need 15.7 Times Final Pay To Meet Expenses

15.7x – The amount an average U.S. worker will need to multiply their final pay by in order to maintain their current standard of living.

4.4x – The amount an average U.S. worker will need to multiply their final pay by in order to maintain their current standard of living if they work until age 67.

4.7x – Social Security is expected to provide 4.7 times a worker’s final pay.

18% - Percentage of workers who are on track to meet retirement goals.

Source: Hewitt Associates

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