In addition to Social Security, the top five income sources non-retired Americans expect to draw upon after retiring include:

Cash savings (60%)
Workplace 401k, 403b or 457 plan (48%)
Spouse's workplace 401k, 403b or 457 plan (37%)
Investment income (36%)
Spouse's pension plan (27%)

A majority of retirees don't have any specific strategies to generate income in retirement. Among those with a more formal approach, the top three strategies for generating income include:

Dividend-producing stocks or mutual funds (23%)
Systematic withdrawals from retirement accounts (22%)
CDs (17%)

Related: Saving on shaky ground: Helping employees navigate retirement planning during inflation

"The fear of losing a steady paycheck in retirement is very real for many Americans, and it underscores the importance of having reliable income streams," said Boyden. "Employers should strongly consider offering more in-plan solutions that can bridge the gap between asset accumulation and decumulation to help employees with this critical transition. By integrating these solutions into their plans, employers can address one of the biggest concerns their employees face and help them retire with greater confidence."

Instant Insights /

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

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