Many Americans worry that the money they've stashed away for retirement may not be enough to sustain them during their post-work years.
In fact, nearly 60% of retirees say they're very or somewhat concerned about running out of retirement savings, according to CNBC's August 2024 Your Money retirement survey conducted with SurveyMonkey.
A little over 20% of retirees surveyed say they have nothing set aside and 15% say they have less than $50,000 saved.
Since retirement can last 25 years or more after you stop working, worries about running out of money are understandable.
CNBC Make It's retirement calculator uses factors like your age, income and current retirement savings to give you an estimate of how much you should aim to put away by the time you retire.
Persons:
stashed, CNBC's
Organizations:
SurveyMonkey, CNBC