Is 5% 401(k) contribution enough to retire at 65?

I’m 53 and want to retire in 12 years. Is 5% enough to put in my 401(k)?

A 53-year-old is considering retiring in 12 years and questioning whether contributing 5% to their 401(k) is sufficient for that goal. The article addresses retirement savings adequacy and contribution rates for someone in their mid-50s with a specific retirement timeline. This represents a personal finance planning question about whether current savings efforts align with retirement objectives.