The Center for Retirement Research at Boston College has released a report indicating that nearly half of all Americans won’t have enough for retirement.

The [report] shows that, even if people retire at age 65 and households annuitize all their wealth including the receipts from reverse mortgages on their homes, 43 percent will be at risk. But the situation is not hopeless — if people choose to work longer — even just two years — and save 3 percent more, they can substantially improve the outlook for their retirement security.

For more detailed information, check out the documents at the National Retirement Risk Index web site.

[via CNNMoney]