America's retirement scorecard: Here's what you need to know

Retirement Security & Global Ranking - Norway ranks number one in retirement security, followed by Ireland, Switzerland, and Iceland [2] - The US ranks 21st with a C grade (70 average) in retirement security [2] - Smaller countries are perceived to have an easier time implementing programs that enhance retirement security [3] Concerns & Challenges - People are afraid of running out of money in retirement and are concerned about the future of social security and government benefits [5] - 67% of people believe inflation will erode the future value of their savings [5] - 20% (one in five) of people feel a miracle is needed for a secure retirement [5] Planning & Solutions - A retirement plan should involve saving more money, cutting expenses, and understanding long-term retirement costs [7] - Utilizing online calculators and professional services can aid in developing a retirement plan [7] - The "80% of income" rule is a goal to work towards, providing a benchmark for retirement income needs [8] Alternative Approaches - Some individuals are considering "mini retirements" or relocating to countries with lower costs of living [12][13]