One-Quarter of Employees Do Not Know How Much They Need to Save for Retirement

Fifty-three percent of workers ages 60 and older say they are postponing retirement, with 57 percent of men putting retirement on hold compared to 48 percent of women, according to a CareerBuilder survey. Four in 10 workers do not think they will be able to retire until age 70 or older, reports Plan Sponsor . About a quarter of respondents did not know how much they will need to save for retirement. Women are much more likely to be unsure of how much to save than men — 31 percent compared to 17 percent, respectively. When asked if they are currently contributing to retirement accounts, 23 percent said they do not participate in a retirement plan.