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Retirees need 15.7 times final pay to meet expenses

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  • 15.7 – The amount an average U.S. worker will need to multiply their final pay by in order to maintain their current standard of living.
  • 14.4 The amount an average U.S. worker will need to multiply their final pay by in order to maintain their current standard of living if they work until age 67.
  • 4.7 – Social Security is expected to provide 4.7 times a worker’s final pay.
  • 18% – Percentage of workers who are on track to meet retirement goals.

Source: Hewitt Associates