Most Americans' retirement savings are dangerously low.
According to a 2016 report from the Economic Policy Institute (EPI), the median working-age family (50th percentile) had only $5,000 saved in 2013. By contrast, the top one percent of families had $1.08 million or more stashed away in 2013, or 216 times more.
Where do you stand?
While putting away as much as you can is always better than nothing, hitting pre-determined milestones can help you figure out if you're on track to live comfortably in retirement.
By age 50, experts recommend having the equivalent of six times your annual salary in bank if you plan to retire at 67 and keep up a similar lifestyle, according to a recent report by financial services company Fidelity.