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That's all crucial (we highly recommend a retirement checklist), but what people are forgetting is what they want to be and do when they grow up, says Seattle-based retirement expert Andy Landis, the author of When I Retire.
From Vince Smith-Hughes, a retirement expert at Prudential.
The retirement expert Alan Higham, of PensionsChamp, believes the Government must act.
As a result many are facing real hardship, warns retirement expert Alan Higham.
"There's a crisis situation because near-retirees lost 25 percent of their assets in the financial crisis," said Teresa Ghilarducci, a retirement expert at the New School.
Stan Russell, retirement expert at Prudential, said: "These statistics help explain why many people look to spend their retirement away from big cities.
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Retirement experts suggest starting with an assessment of your strategy.
For people near retirement, experts suggest envisioning the worst case.
As it happens, there is a lot of it, retirement experts say.
That $120,000 is less than one-fourth the savings recommended by many retirement experts.
Financial planners, economists and retirement experts offer little comfort for older workers, along with blunt advice.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com