New research from Empower Institute estimates the percentage of working income that American households are on track to replace in retirement. The estimated monthly income replacement percentage includes projected Social Security benefits (if available), defined benefit and defined contribution assets, personal savings, home equity and business ownership. The median projected income replacement among participants in the study was 64 percent, meaning Americans are on track to replace 64 percent of their current income in retirement.

Empower Institute (Great-West): Scoring the Progress of Retirement Savers