decorative

2024 Global Retirement

Survey Results

Retirement Expectations vs Reality

US SURVEY AUDIENCE724 Plan Participants | 310 Retirees HEAR FROM OUR EXPERTS   
We compare what participants expect when it comes to retirement with what retirees are experiencing in retirement, including their views on retirement confidence, what retirement will look like and what's most important when it comes to their retirement portfolios.

Participant Concerns &
Retirement Readiness
Participants tell us about their leading financial concerns and areas of focus, their outlook on retirement savings and their views on competing financial priorities.
Learn More
Participant Behavior &
Investment Selection
We review what participants understand and what they don’t when it comes to target date funds, as well as share their thoughts on long-term investing and the resources they use to make retirement planning decisions.
Learn More
Retirement Expectations vs
Reality
We compare what participants expect when it comes to retirement with what retirees are experiencing in retirement, including their views on retirement confidence and what's most important when it comes to their retirement portfolios.
Learn More

Retirement Confidence

Q: [Participant] How confident are you that you will be able to retire at the age you want to?

Q: [Retiree] How confident are you that your existing assets will provide enough cash flow / income to last throughout your retirement?  

Key Insight

A majority of participants and retirees are at least somewhat confident in retiring when they want or having their assets last through retirement, respectively, but 1 in 4 participants are skeptical they will meet their desired retirement date. Help participants understand the impact of working longer.

Learn More

Retirement Transition Expectations

Q: [Participant] Do you expect your retirement to be…?

Q: [Retiree] When you retired, was it….?

Key Insight

Most participants are anticipating a gradual transition when it comes to their retirement, but those who have already retired are more likely to have made the hard-stop. Help participants work through their retirement planning strategy as they near retirement.

Learn More

Confidence In Retirement Longevity

Q: [Participant] I will be able to financially support myself over a 30-year retirement.

Q: [Retiree] I am able to financially support myself over a 30-year retirement.

Key Insight

Having a financially secure 30-year retirement seems a bit more out of reach for participants compared to those who are already at various stages within their retirement. With longer life expectancies, planning for a long retirement may require a comprehensive approach that considers not only financial factors but also health care, social and legal considerations.

Learn More

Retirement Portfolio Priorities

Q: Please rank order possible elements of a retirement portfolio in order of importance. (% ranked top 3)

Key Insight

Generating a stable stream of income that takes into account fluctuating marketing considerations is ranked the most important element of a retirement portfolio by both participants and retirees. However, those who have already started their retirement have shifted their focus from insurance protection to tax minimization. Consider what type of plan is being offered to participants: an accumulation plan (where participants accumulate assets and exit the plan upon retirement), or a destination plan (where participants are encouraged to stay in the plan upon retirement).

 

 Learn More
61464.1
close video