Only 22% of people know how much money they will need to save and for how long to achieve the retirement they want, according to a YouGov poll.
The poll, carried out as part of Financial Planning Week, shows a clear distinction between age groups when it comes to financial awareness.
Around 70% of people in both the 18-24 and 25-34 age groups say they do not know what they need to save.
Those closer to their retirement, aged 45-54, had a clearer picture, with 56% saying they did not know what to save.
Meanwhile, the proportion of those in the dark about retirement saving shrank to 22% in the 55 and over age group.
"Given the demographics that we are presented with and the growing emphasis on providing for our own financial future, proper Financial Planning should be a given to help people secure a comfortable retirement," says Nick Cann, chief executive of the Institute of Financial Planning, which organised the poll.
John Lawson, head of pensions policy at Standard Life, adds: "Current estimates are that the average 35-year-old will need to save 15% of their income each year if they want to make sure they are financially secure in old age.
"That is a substantial sum, and the longer they put off saving, the more they will need to save each month."
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