. When you hear that you need over $1 million saved for a comfortable retirement, you can't help but wonder: Does everyone else have that much?

In short, no.

The Employee Benefit Research Institute (EBRI) analyzed 25.8 million individual retirement accounts in the US, commonly known as IRAs. These accounts, which contained a total of $2.46 trillion in savings as of 2013, belonged to 20.6 million different people.

In a May 2015 report titled "Individual Retirement Account Balances, Contributions, and Rollovers, 2013; With Longitudinal Results 2010–2013: The EBRI IRA Database," by Craig Copeland, Ph.D, EBRI was able to put together the following chart, which shows median IRA balances segmented by age group.