How much should Americans be saving for retirement?

Bernheim, B. Douglas; Forni, Lorenzo; Gokhale, Jagadeesh; Kotlikoff, Laurence J.

doi:10.26509/frbc-wp-200002

Working Paper

How much should Americans be saving for retirement?

Abstract: How much should Americans save prior to retirement? Given Social Security's shaky financial condition, this is a critical question for baby boomers. A financial planning program-ESPlanner-is applied to data from the Health and Retirement Survey (HRS) to consider the amount that households approaching retirement should save.

Keywords: Retirement; Saving and investment; Social security;

https://doi.org/10.26509/frbc-wp-200002