A new survey on retirement saving suggests that too many younger Americans are relying either on wishful thinking or blind faith. There is a difference between the two, though they both lead down the same path.

A T. Rowe Price survey of investors between the age of 21 and 50 showed that most at least recognize the need to save for retirement. However, most are not taking adequate measures to finance a secure retirement.

The good news is that among the investors surveyed, 92 percent who can contribute to a 401(k) plan are doing so. However, here is where the wishful thinking and blind faith come in:

Remember, this was a survey of investors, so at least they have a leg up on people with no investments. The average American is probably even less prepared for retirement.

The alternative to relying on wishful thinking and blind faith is to have a sufficient retirement plan . While there are many details involved in financial planning, these three ingredients are essential to creating an adequate blueprint:

The T. Rowe Price survey is a valuable reminder that even people who have started saving for retirement could still be doing a few things better to prepare for the future. As for people who haven't even started to save, well, they could be doing everything better.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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Retirement survey reveals wishful thinking, blind faith