Retirement on Hold: American Workers $6 Trillion Short...

A new study obtained by CNBC says Americans are $6.6 trillion short of what they need to retire. 

The $6.6 trillion figure is based on projections of retirement and income for American workers ages 32-64. The study's authors say they arrived at the amount using conservative assumptions, including a +3% rate of return on assets and no further cuts in pension coverage or increases in the Social Security retirement age.

"Using other assumptions, it could be much higher," said Maria Freese, Director of Government Relations and Policy for the National Committee to Preserve Social Security and Medicare. For example, the study notes, if the rate of return matches the return on U.S. Treasury Inflation-Protected Securities (TIPS), currently +1.87%, the deficit balloons to $7.9 trillion. 

Retirement on Hold: American Workers $6 Trillion Short