While the average American family believes $1 million is the gold standard for retirement savings, a new survey by Scottrade Advisor Services finds that most independent advisers think this number is probably way off.

Seventy-one percent of RIAs said that the average family needs to save double or triple that amount, according to a survey by the St. Louis-based investment firm. The 2009 Registered Investment Advisor Study, which polled 226 registered investment advisers from Aug. 12 through Sept. 30, focused on the four main segments of the population: Generations Y and X, Baby Boomers and seniors.

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