By Jim Melwert

PHILADELPHIA (CBS) – Think you’re putting away enough money for your retirement? A new study might have you think again.

A financial planner will tell you to be comfortable in retirement you’ll need to be able to replace 70-percent of your income.

But a new study compares median household incomes of retirees to median household incomes of people between the ages of 45-64.

“The retired households in Pennsylvania and New Jersey make barely more than half of what the pre-retired households are making,” says Mike Sante, managing editor of

He says New Jersey ranks 47th out of 50 states; Pennsylvania is 43rd.

Sante says this should be a wake-up call to people in their 30s, 40s and 50s as they map out their future.

Adding that 70-percent retirement number might not even be enough, as social security payments are stuck, we’re living longer and healthcare and housing costs continue to climb.

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