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Almost half of Gen X retirements 'at risk'

Even with their 401(k)s, Generation X-aged workers might be as much as $78,000 in the red when it comes to their financial needs in retirement.

By Danielle Andrus | Updated on June 15, 2012

The number of years of defined contribution plan eligibility has a significant impact on Gen X workers’ risk of running out of income in retirement, a report from the Employee Benefits Research Institute found.

EBRI simulated outcomes in its Retirement Security Projection Model to determine how many investors were at risk of running out of retirement income, as well as how severe their shortfall could be. The model considers three different levels of “adequate income,” or the accumulated value of deficits generated after all members of the household have died, divided by the accumulated value of the total retirement expenditures for the household.

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