Four out of five Americans are still not adequately prepared to meet their needs in retirement, according to new analysis from HR consulting firm Aon Hewitt.

According to Aon Hewitt's projections based on 2.1 million U.S. employees, the average worker will need 11 times their final pay in retirement (after accounting for social security) in order to meet their retirement needs.

However, as of the beginning of 2011, the average full-career employee, who is actively contributing to their defined contribution (DC) plan, is projected to have a shortfall of 2.2 times pay at retirement age. Fully half of full-career workers are expected to have a gap of greater than two times pay at retirement.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.