Social Security was never intended to provide your complete retirement income. Financial experts say you need 70-80 percent of your pre-retirement income for a comfortable retirement. Since Social Security replaces only about 40 percent of pre-retirement income for the average worker, having pensions, savings, and investments are important.
To illustrate this, the average, individual, Social Security retirement amount as of May 2016 was $1,347 per month. Average amounts change monthly. Following the link brings you to other Social Security average benefit amounts for May.
Estimate your personal retirement amount, and learn retirement information, at the Social Security retirement planner at www.ssa.gov/planners/retire/.
Do you have a retirement savings plan at work? If not, consider starting an interest bearing, no fee, U.S. Treasury guaranteed, myRA account at https://myra.gov/.