How severe is the retirement crisis? These six charts spell it out.

[King_Klonopin]

5. We can blame most of the crisis on the 3 market busts --

those dreaded "bubbles" : the dot.com market bust of 1999,
the over-valued house and stock market bust of 2006, and
the banking industry bust of 2008. My IRA's and 401k have
all seen their values drop by 50% or more on THREE separate
occasions. It means that it has taken 20 years to realize the
growth that should have materialized in 8-10 years -- always
having to make up lost ground. My generation is screwed.
I am 57, have 20 years outstanding on my mortgage, and
only have about $140K saved -- so, 76 looks like when I can
retire, provided there are no more busts.... yea, right.