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So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement. For each subsequent year, we increase your income need by 2.3% to keep up with inflation.
In 2009, the average retirement income from all sources for men age 65-plus was $37,509; the figure for women was just $21,519. With that in mind, though, two thirds of Americans are not saving enough and one half are not saving anything at all.