Bankrate.com reported on a shocking statistic: only 55% of workers participate in their companys retirement plan. This means that 45% 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, 25, decided she needs to have $260,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 4% compounded annually to meet her goal?