EBRI: Half of Workers Confident on How Much to Save for Retirement

Sixty percent of workers feel they are doing a good job preparing for retirement, up from 56 percent last year, but only half feel confident they know how much to save in order to live comfortably when that time comes, according to the 28th annual Retirement Confidence Survey released Thursday by the Employee Benefit Research Institute and Greenwald & Associates. The survey also found that 59 percent of workers feel at least somewhat stressed about preparing for retirement, and just 23 percent of workers within five years of retirement are very confident they know how much they will need to live comfortably, reports Pensions & Investments .