That being said, some are more prepared than others, and the wealthiest Americans have significantly more in savings.
According to the Economic Policy Institute (EPI), which looked at the state of American retirement in a 2016 report, the top one percent of families had $1.08 million or more stashed away in 2013. That's 216 times the median working-age family (50th percentile), which had only $5,000 saved in 2013.
The 90th percentile family had $274,000 saved, which is 55 times the total of the median American family. The 80th percentile family had $116,000, or 23 times the median family.