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Americans worry about not saving enough for retirement, especially with rising food costs. It's important to ensure you don't outlive your savings. A study by TIAA Institute finds people struggle with retirement planning. Men live until 82 and women until 85 on average, so savings need to last for decades. You can contribute up to $22,000 to a 401(k) and $6,500 to an IRA. Age 50 and 59 1/2 are crucial for adding money to retirement accounts. Apply for Medicare at 65 to avoid penalties.