Survey: Only one-third of Americans actively contributing to retirement plan

While most Americans plan to retire by age 65, many are not actively contributing to a retirement plan and are unsure how much they need to save, according to a new survey.

Published by Capital One Share Builder Inc., the survey (“Roadblocks to Retirement Savings: What’s Keeping Americans from Saving?”) reveals that 54percent of Americans plan to retire by age 65, but 36 percent are not actively contributing to a retirement plan. And more than a quarter (26 percent) are unsure how much they need to save.

The survey of American pre-retirees finds that while confidence in the ability to save for retirement has improved with 33 percent claiming to be more confident than they were a year ago), nearly one in four (23 percent) are concerned they may never save enough to retire.

Among the report’s additional findings:

More than half (54 percent) of Americans plan to retire by age 65, while 23 percent say they don’t plan to ever fully retire.