27% of Americans who are retired have no savings.

256 thousand dollars is the average savings for people in the age group 55 to 64. The median savings are $90,000.

A heuristic states that you should be saving monthly 8 times whatever your salary is when you are 60 years old.So if you make $100,000 a year at age 60, then you should have $800,000 in savings.