One in three Americans has no retirement savings, according to a survey of more than 4,500 adults by personal finance website Moreover, among those who are nearing retirement, 3 in 10 age 55 and older have no retirement savings.
26 percent report retirement savings with balances of under $50,000, and more than half have balances below what GoBanking considers typical retirement fund benchmarks for the age group.

Overall, 56 percent of Americans have less than $10,000 saved for retirement; women are 27 percent more likely than men to have no retirement savings; 72 percent of millennials have saved less than $10,000 for retirement ― or nothing at all; and 75 percent of Americans over 40 are behind on saving for retirement.

Converseley, 26 percent of baby boomers nearing retirement (ages 55 to 64) report healthy retirement savings with balances of $200,000 or more, and 31 percent of seniors at or above the retirement age (65 and over) have balances of $200,000 or more.

The survey found both younger Gen Xers (ages 35 to 44) and older Gen Xers (45 to 54) are equally as likely to not have a retirement account, at 31 percent. Among younger Gen Xers who have a retirement account, most have lower balances of less than $50,000; 40 percent of older Gen Xers have managed to save $50,000 or more in retirement accounts. More than half of the older Gen Xers in that 40 percent have balances of $200,000 to $299,000 (7 percent) or $300,000 or more (15 percent).

Among millennials, 42 percent said they have no retirement savings, including 52 percent of millennials ages 18 to 24 and 36 percent for those aged 25 to 34. The most common balances that younger millennials have saved are “less than $10K,” at 30 percent, and “$10K to $49K,” at 11 percent. Older millennials are twice as likely as younger millennials to have saved $10,000 to $49,000, at 14 percent versus 7 percent, respectively.