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KSL – Retirement plan not a bust, start saving now.

For decades, Christy Zavaleta's worked two jobs to support herself and her four children.

Now, at 62, she's approaching retirement age, but she's nowhere close to retirement. She said she can't afford it.

What little Zavaleta's saved for retirement has been depleted by family emergencies, and she said Social Security will barely pay her housing bill.

According to the Employee Benefit Research Institute, 44 percent of baby boomers like Zavaleta are at risk of running out of money during retirement.

Professor Robert Mayer at the University of Utah Department of Family and Consumer Studies said a good rule of thumb is to build a nest egg of 10 to 20 times your annual salary.

"And that's based on the assumption that your expenses are gonna go down during retirement," he said, "but that assumption is highly debatable."

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