When GOBankingRates conducted its 2017 retirement savings survey, some of the results were pretty scary. 29% of the respondents aged 55 and up reported that they had no money saved for retirement, while another 15% from this age bracket said they had less than $10,000 saved. Why would someone so close to retirement have so little money saved? Nearly 50% of these respondents said they had no retirement savings because they’d spent the money on a financial emergency.