The U.S. is facing a retirement crisis as many investors are failing to adequately prepare for their non-working years.

At the ETF Virtual Summit on January 15, Larry Fink, Chairman and CEO of BlackRock, will emphasize the growing retirement crisis in the U.S as investors fall short of retirement goals.

BlackRock has warned against problems as savers try to meet their retirement needs.

“A combination of factors, including a population that is living longer, the lingering effects of the ‘Great Recession,’ and simply not enough savings, has created a retirement funding gap in the United States,” according to a BlackRock research note.

A study conducted by Center for Retirement Research at Boston College suggests the gap can be as wide as $6.6 trillion.

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