Bankrate. com reported on a shocking statistic: only 54% of workers participate in their company's retirement plan. This means that 46% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individuals without proper income during retirement. Jill collins, 20, decided she needs to have $250,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 5% compounded annually to meet her goal?