Two out of five people who live in Atlanta believe they will have to work in retirement, according to a Wells Fargo survey. The survey also found that Atlantans believe they need $750,000 saved up in order to retire comfortably; the median amount saved was just $100,000.

Fifty-seven percent of pre-retirees in Atlanta say they will stay in the area when they retire because of family and friends nearby, good weather and a low cost of living. Good medical facilities and not having to relocate also were major reasons they wanted to stay in the area.

Almost 50 percent of Atlanta area pre-retirees say their biggest fear about retirement savings is that they will do the right things today but it still won't be enough. Seventy-two percent of Atlanta area retirees say they are confident they will have enough money to live the lifestyle they want throughout retirement, but despite this confidence, 28 percent of Atlanta retirees agree that they need to significantly cut back spending today to have enough money throughout retirement.