Here's how much money you should have saved to retire by age 67

The economic fallout from the coronavirus pandemic has certainly rippled across the nation, making a dent in millions of Americans' personal finances. Yet according to Gallup's annual Economy and Personal Finance survey, soon-to-be retirees are only slightly more concerned about having enough money for retirement — and most still expect to retire at age 66.

You should have saved 10 times your income to retire by age 67 according to retirement-plan provider Fidelity Investments. That's in order to continue your current lifestyle in retirement, rather than planning to downsize or spend more in old age.

Those looking to retire earlier, say at age 66, would need to save more than the recommended 10 times their income to make up for the one-year buffer in between.

Fidelity's guideline assumes retirees are no longer working, not even a part-time job. It takes into account your retirement contributions and investments, in addition to any cash savings.

But what's surprising is this: Gallup's survey suggests that a greater percentage of seniors are expecting to work a part-time job in retirement due to the coronavirus pandemic. Furthermore, as hopeful retirees brace for the uncertainty ahead, more look to their savings account as another source of income.

Americans' options for funding their retirement haven't changed much in the last 80 years, with most retirees still relying heavily on their Social Security benefits and 401(k).

Gallup, however, found that there was a recent five-percentage-point increase in non-retirees' expected reliance on their personal savings accounts, from 68% to 73%.

While having a savings account is Finance 101, make sure you keep your cash in a high-yield versus traditional account that is just as stable. With the national average annual yield on standard savings accounts only 0.05%, that's over 16 times less than what the highest-yield savings accounts offer.

For example, take a look at the Varo Savings Account, which offers a higher-than-average annual percentage yield (APY) for all account holders, plus tools to help you save more.

In addition to its uniquely tiered APY program, the online bank offers two programs that automatically transfer money from your Varo bank account to your savings account: Save Your Pay, which transfers a percentage of your paycheck into your savings, and Save Your Change, which rounds up your checking account transactions to the nearest dollar and transfers the difference to your savings.

While Americans are still depending on the same retirement income sources as they did a year ago, they expect to count a bit more on part-time work.

Gallup reported a six-percentage-point increase, from 64% to 70%, in those expecting to rely on part-time work as a source of retirement income.

As slightly more people say that part-time work will supply some income in their future, consider what gigs you may be interested in picking up as you approach retirement age.

If you are a bookworm, get paid to read. OnlineBookClub pays $5 to $60 for reviews of all sorts of different books. You also don't need to do much to make some side money as you grow older. For those who have a car, rent it out through websites like HyreCar or Turo. You might as well make money off that asset sitting in your garage or driveway.

As you think about what you'll need to age gracefully, remember that every person's financial situation is different. Some retirees plan to downsize so they can afford a higher quality of life and more vacations, while others prefer the comforts of their familiar home. Ask yourself what you want your retirement years to look like, and put the financial pieces in place early.

That way, you can fully enjoy your well-deserved leisure.