Can You Guess the Typical Millennial's Retirement Savings?

The typical millennial has absolutely nothing saved for retirement, a ccording to a recent study released by the National Institute on Retirement Security. More precisely, 66% of millennials have zero socked away for retirement. The median savings among the remaining 34% is $19,100, which puts the vast majority of my generation far behind where we need to be.

Of course, some are doing really well -- the average savings among that one-third with retirement accounts is $67,891, which indicates that a few people, at least, have a tonin savings and are balancing out the rest -- but the overall picture for the millennial generation is pretty grim.