Is $300,000 enough

Wells Fargo Retirement Survey has a lot of troubling news for wannabe retirees:

Among those ages 50 to 59, retirement savers predict that they'll need $300,000 for their retirement nest eggs, but the typical 50-something saver has just $29,000 set aside thus far. Wells Fargo estimates that $29,000 would produce about $190 per month for retirees -- far less than they'll need.

Just don't see how $300,000 is enough to base a retirement. If you were able to get 10% a year return then you might have it made with hopefully your Social Security at full benefit. When was the last time you got 10% return on your conservative assets? Today if your really diligent you can find 4%. It is hard!

Looks like there is going to be a lot of poor folks in retirement. United States government to offer bailout funds for those coming up short..............guess we will have to wait and see.