Millions of Americans could see Social Security benefits reduced if Congress doesn’t act. The OASI Trust Fund can pay 100% of scheduled benefits until 2033, then face a 23% cut. Individuals would need $138,000 in additional savings to make up the difference, according to a PensionBee analysis.

Workers of all ages would need to set aside different monthly amounts to save an extra $138,000 by retirement. Starting at age 25, contributions range from $67 to $701 per month. Romi Savova, CEO of PensionBee, suggests ways to offset potential benefit cuts, such as catch-up contributions and delaying retirement.

Savova recommends taking an active role in retirement planning, whether you’re 25 or 55. Start saving early, monitor accounts regularly, and consider consolidating retirement accounts for better management. Make adjustments as needed, like contributing enough to get full employer match or maximizing annual limits.

Read more at Yahoo Finance: Here’s How Much More You’ll Need To Save