(Bloomberg) -- Saving for retirement requires making sacrifices now so your future self can afford to stop working later. Someday. Maybe.

It's not news that Americans aren't saving enough. The typical baby boomer, whose generation is just starting to retire, has a median of $147,000 in all of his retirement accounts, according to the Transamerica Center for Retirement Studies. And if you think that's depressing, try this on: 1 in 3 private sector workers don't even have a retirement plan through their job.

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