Gen X is entering the home stretch toward retirement, with roughly five to 15 years left until age 65. But a growing body of research shows it could be an uphill battle for many of them to retire comfortably.
A new survey from Prudential of Americans 55 and older finds that Gen X is falling far short of recommended savings amounts. This is particularly true for the pre-retiree group around age 55, according to the company, which as a median savings of $47,950—only about 10% of the $446,565 Prudential recommends having by that age (the firm's rule of thumb is having eight times one's annual salary stashed away by 55).
