There's a good chance that you're saving for retirement, but you're not where you want to be. The good news is that most people still have time to do something about the situation. You can multiply your retirement savings fivefold in 17 years, which means a dramatic increase from where you are, whether you're 30, 40, or even 50.

According to research by The Motley Fool, the typical retirement nest egg was only $65,000 in 2019, and a troubling 40% of Americans now believe they won't get to retire due to pandemic-related setbacks.

So, read on if you or someone you know needs to level up their savings game. Here is how you can increase your retirement funds fivefold over the coming years.

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Source Fool.com