How to Catch Up on Retirement Savings at Any Age

It can be daunting to get back on track once you’ve fallen behind.

That will be a necessary task for millions of American workers who simply do not have enough saved for retirement. Research from Boston College shows a $7.1 trillion retirement-savings shortfall among US households, with half of them facing a lower standard of living once they stop working.

What — if anything — can you do to catch up? To find out, Bloomberg News interviewed retirement experts and planners across the country. This is what they told us, ordered for those closest to retirement (and in most need of a lifeline) to those furthest from it.

And to figure out where you stand, try Bloomberg’s WealthScore tool to calculate your retirement preparedness and other measures of financial health.