Considering that about two thirds think they can get through retirement on less than $1 million, or aren’t sure how much they’ll need, that might be expected.

What’s scary is that 8 percent believe that they can live out their lives on a nest egg of just $150,000–$250,000.

Another 14 percent think half a million or less will do the trick.

Just a third think that they’ll need $1 million or more to see them through.

A surprising 19 percent think that saving 5 percent of their pay will be enough to pay all their expenses in retirement, while the majority were a bit more sensible:

• 33 percent voted for 10 percent

• 20 percent were more realistic at 15 percent

• 15 percent were most realistic (or most pessimistic) and said saving more than 15 percent of their pay would be necessary

Thirty-five percent, however, were savvy enough to say they want a defined benefit plan from their employer rather than a 401(k), and 45 percent want their employers to kick in matching contributions to their 401(k)s.

And overall, respondents seem to appreciate how vital it is to have employer-sponsored retirement benefits.

Ninety-four percent said it was very important (77 percent) or somewhat important (17 percent) to have retirement benefits from an employer.