Although a majority of Americans think they'll be enjoying a comfortable retirement, many of them have not done the legwork necessary to make it happen.
A survey by a non-profit research group shows many have accumulated only modest retirement savings, and underestimate the
share of their pre-retirement income they're likely to need in retirement. They also have no idea of how much they'll need to live comfortably once they pack it in.
A quarter of those asked by the Employee Benefit Research Institute say they're "very confident" they'll have enough money to live comfortably in retirement and 44 percent are "somewhat confident."
But more than half of all workers say they've saved less than 25-thousand dollars toward retirement. Even among workers 55 and
older, more than four in ten have retirement savings under 25-thousand.