Despite America being one of the world's best economies, the typical person living in the United States falls woefully short of saving for a comfortable retirement. According to studies, the median retirement savings across all U.S. families is $87,000. So, if you're at or around $100,000 today, I have two crucial nuggets of good news for you.

First, you're doing better than you might give yourself credit for, so give yourself some love. Second, the next $100,000 will feel much easier, thanks to the power of compounding.

Yes, retiring with $1 million or more in savings is attainable. However, the work to get there may depend on your life circumstances once you hit that first $100,000 milestone.

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Source Fool.com