Jan Cullinane

Jan Cullinane

Here are several fascinating findings from the 2012 EBRI (Employee Benefit Research Institute) survey.

This is the 22nd year that the EBRI has published its “Retirement Confidence Survey.”  The results demonstrate that what we THINK will happen in retirement and what WILL happen are not always the same.

I call this “Expectation vs. Reality.”

For example:

  • 70% of respondents planned to work in retirement, but only 27% are actually working in retirement.
  • 8% of respondents planned to retire before they are 60, but 40% actually did retire before 60.
  • 16% planned to retire between the ages of 60 – 64, but 25% actually retired between 60 – 64.

Other interesting findings:

  • 60% of workers have saved $25,000 or less (not counting their home and any defined benefit plan) for retirement.
  • 56% of workers haven’t calculated what they will need to save so they can live comfortably in retirement.

Where are you in these statistics?  Did you plan to keep working, but couldn’t?  Do you know how much you’ve saved for retirement?  Were you able to find a job in retirement?

Jan Cullinane

Sponsored by Willow Valley Communities

Jan Cullinane is the author of “The New Retirement: The Ultimate Guide to The Rest of Your Life” and “The Single Woman’s Guide to Retirement”.

(Click the book for purchase information)

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4 Responses to Surprising New Retirement Statistics

  1. […] for infographic: More Americans Delaying Retirement Until Their 80s on CNN Money Surprising New Retirement Statistics on Restart […]

  2. That’s exactly right! People SAY they will continue to work or PLAN to continue working, but the reality doesn’t bear this out. Although 70% plan or say they will continue working, only 27% actually do so.

    Why we all need to have a “Plan B.”

  3. Joe Newman says:

    My brother suggested I might like this blog. He was entirely right!

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