Inflation, market volatility and prospect of higher gas prices again is wreaking havoc on retirement portfolios and other savings plans. But do the ups and downs warrant a change in investment strategy?

No, says a new T. Rowe Price 2022 U.S Retirement Market Outlook.

"We continue to suggest that workers save at least 15%, including any employer contribution, of their annual salary for retirement," says Judith Ward, Thought Leadership Director at T. Rowe Price. "This is a rule of thumb. In practice, the suggested savings rate will vary from person to person, usually increasing for people with higher incomes. For those close to retirement but unable to meet their retirement savings benchmarks, they might consider delaying retirement for a year or two, taking part-time work in retirement, or making spending adjustments."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.