13-18. Bankrate.com reported on a shocking statistic: only 54% of workers participate in their company's retire- ment 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? Tip: She is setting up a sinking fund. LU 13-3(1)