Although some people claim that they never want to retire, the reality is that eventually health concerns will force them. A recent independent survey showed that only 43% of Americans have calculated how much they need for retirement. Of those that have a 401K available, as much as 25% do not participate. The average American spends 20 years in retirement. A major determining factor for most people is Social Security. Social Security pays you about 40% of your pre-retirement earnings. If you have had any opportunity to meet with seniors, you will see that if their only income is Social Security they are not doing very well. Some claim that Social Security will no longer exist in the near future. Many people think that they cannot afford to save for retirement. The fact is that it won’t happen for you. You must take the steps to make it happen. Even if that step is contributing 1% to your 401K, or setting aside $50 per month into an IRA or some other plan that gains interest. Even a little progress is better than none.