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Posted by GOBANKINGRATES by Cameron Huddleston on January 27, 2016

When you envision your retirement, what do you see yourself doing: Traveling to faraway places? Indulging in hobbies you didn’t have time to enjoy while you were working? Or pinching pennies just to cover the bills?

The latter is probably not your ideal retirement, but it will likely be the reality for most people. More than half of Americans are at risk of being unable to cover essential living expenses, according to a survey by Fidelity Investments. That’s because they’re not saving enough now for their future.

Sure, it’s easy to put off saving for a retirement that’s years away. But if your nest egg isn’t big enough, you could spend 20 to 30 years struggling to make ends meet. “I’ve never heard anybody complain about having too much money in retirement,” said Kathleen Hastings, a certified financial planner and portfolio manager with FBB Capital Partners. “It sucks to be old. It’s really bad when you have no money.”

Even if your savings aren’t on track, you don’t have to resign yourself to a life of poverty in retirement. In fact, you can retire rich enough to have a comfortable lifestyle by following these strategies. Click through to find out what they are.

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