Retirement un-readiness: Americans 'concerned' about outliving their assets

Americans believe they'll need $1.2 million saved to retire comfortably, yet half expect to have less than $500,000 saved, which is why employers should consider offering more in-plan solutions to help employees transition to retirement, says a new Schroders survey.

By Lynn Cavanaugh | August 30, 2024 at 10:48 AM

A comfortable retirement may be hard to reach, according to a new Schroders 2024 U.S. Retirement Survey of 2,000 investors. Age 63 is the average age at which participants expect to retire, yet half of non-retired Americans (51%) report they are "concerned" or "very concerned" about outliving their assets in retirement.

Continue Reading for Free

Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Retirement

Defined Contribution

Investment Instruments

Retirement Trends

1 Between You and ICHRA: An Inside Look into Building a Successful HRA Strategy

2 Top 10 states with the longest retiree life expectancy

3 UnitedHealth begins to move away from Humira, joining CVS, Express Scripts

4 Cigna's Express Scripts sues FTC over 'defamatory' PBM report

Insurance
BenefitsPRO Broker Expo 2025 (BPRO)
May 06, 2025 - Boston

The premier educational and networking event for employee benefits brokers and agents.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information

401(k) contribution limit projections for 2025: Mercer, Milliman

By Lynn Cavanaugh | September 18, 2024

While the official IRS announcement will come next month, the contribution limit for retirement accounts will likely increase from $23,000 to $23,500 in 2025, according to new Mercer and Milliman reports.

401(k) contribution limit projections for 2025: Mercer, Milliman

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

By Lynn Cavanaugh | September 18, 2024

Plan sponsors and employers are searching for advisors and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new UBS survey.

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

The Social Security crisis: 3 in 5 Americans say funds will be depleted by 2035

By Lynn Cavanaugh | September 17, 2024

The depletion of funds will directly impact retirement strategies, which is why employers need to focus on enhancing employee 401(k) plan offerings, promoting higher contribution rates, and providing financial literacy programs, says a new Atticus survey.