4 Ways to Retire on Less Money

If you're approaching retirement with minimal savings, you're in good company. An estimated one-third of workers 55 and over have less than $10,000 set aside in a nest egg, according to data from GOBankingRates. Meanwhile, the Economic Policy Institute reports that the average household aged 56 to 61 has just $163,577 socked away for the future -- and that's not a whole lot in the grand scheme of what could be a 20-, 25-, or 30-year retirement.