Some disturbing projections came out of a Pew study on retirement plan savings.

The new research from Pew has found America’s retirement savings gap could create a $1.3 trillion economic burden through 2040. The Pew study says as many as 56 million private sector workers lack access to an employer-sponsored retirement plan.

The lack of the ability to save for retirement could lead to a cumulative additional cost to the federal government of $964 billion between 2021 and 2040. State spending on these programs, stemming from administrative costs, required state match formulas, and supplemental state benefits, totals another $334 billion over that period, resulting in the $1.3 trillion projection.