Most Americans aren’t saving enough for retirement, leading to big retirement-savings shortfalls. In fact, according to Employee Benefit Research Institute (EBRI), more than four in 10 families where the head of household is between the ages of 35 and 64 will run short of money during their retirement.

Not all households are equally short on cash for the future, though. In fact, EBRI found a shocking discrepancy between the projected retirement-savings shortfalls of older single women and those of older single men. The gender gap in retirement savings should concern everyone, but especially women — who tend to be paid less than men, and who also tend to suffer career penalties if they choose to have children.

There’s a huge gender gap in retirement readiness According to EBRI, single women between the ages of 60 and 64 have an estimated retirement-savings shortfall of $62,127, while single men have a shortfall of $24,905. While both single men and single women are at risk of running out of cash during their golden years, obviously the risk is far greater for older women.

Widows, too, face a bigger risk of running out money than widowers, although the gap isn’t nearly as extreme as the discrepancy between projected shortfalls for single men and those for single women. For widows, the projected retirement-savings shortfall is $15,782, while it’s just $12,640 for widowers ages 60 to 64.

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