One-third say they plan to save $200,000 or less to be comfortable in retirement; they only expect to live to age 81; and very few feel they will end up in an assisted living facility, according to a survey.
Researchers suggest debt management should be a factor in retirement security policy.
The Center for Retirement Research (CRR) at Boston College's study finds half of Americans are at risk of having insufficient income to maintain their pre-retirement standard of living.
The app generates a personal projection of monthly income in dollars or, if preferred, shows the progress towards a stated financial wellness goal in retirement as a percentage of pre-retirement income.