Page 14 - Daniel Fitzpatrick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

nongovernment devices. tonight we begin a new series called retirement ready. for millions of americans, having enough money in savings is one of the biggest challenges especially when you consider recent wall street losses that are shirking 401(k) plans. cbs s mark strassmann breaks down the numbers. reporter: daniel fitzpatrick s original goal: retire at 60. he is now 64. fitzpatrick is a senior planning executive making low six figures with money worry. the benchmarks move as i get older. reporter: what is your timeline? work until i m 70 and then look for something part-time afterwards. reporter: the national average for one person to live comfortably in retirement, roughly $967,000 in savings. every retirement scenario is different but that s $74,000 a year for the average american worker to live out his retirement. what s troubling, the typical retirement accounts balance.

Black americansRetirement readyWall streetDaniel fitzpatrickPlanning executiveMark strassmannMoney worryU sRetirement scenarioRetirement accounts