Americans will need 70 percent to 90 percent of their pre-retirement income to maintain their standard of living in retirement, yet one-third (33 percent) of respondents who haven’t retired believe they will need only 25 to 50 percent of pre-retirement income, and another third (33 percent) believe they will need 50 to 75 percent. Only one-fifth (21 percent) of those surveyed believe they will need more than 75 percent of pre-retirement income to live comfortably in retirement.

One in three Americans say that having guaranteed monthly income in retirement is their top priority,  but 72 percent aren’t sure if their retirement plan has a lifetime income option, according to a survey by TIAA-CREF.

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