42% do not have a retirement account, but of those who do: For middle-income Americans, those in the 40th to 60th percentile by income, the median retirement plan held just $39,000
Note currently it takes about $100,000 to buy an single payment non deferred annuity at age 65 that pays out $4,000 at year. At 3% inflation it is worth $2,000 a year in 24 years. LS