29 pages. Excerpt: When we do the math, it appears that the average American has saved less than one fifth of what he or she needs for a secure retirement. Here's why: to make a 401(k) account provide the same benefit as a defined benefit plan, pension actuaries say that the retiree needs a multiple of 10 to 12 times their annual salary (or average salary) right before retirement -- that is, 'final pay.' Currently, the average American head of household between age 62 and 65 only has about $110,000, if you add the median 401(k) account balance to the median rollover IRA balance -- or less than twice the median salary of $61,600 for that age group.  MORE >>