Do You Think You Will Be Able To Retire at Age 65? Take Our Poll
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Survey after survey shows that Americans are not prepared for retirement.
The latest GOBankingRates survey on the topic shows that 78% of people have no more than $100,000 saved. That includes 62% of people already at retirement age (65) and 71% of people coming up on retirement (55-64).
Take Our Poll: Do You Think You Will Be Able To Retire at Age 65?
Nearly a quarter of people have not started saving for retirement, including 19% who are already at retirement age.
Other notable stats from the GOBankingRates study (conducted in early August, with 997 respondents):
- 38% think they can get by in retirement on $500,000 or less
- Two-thirds think they can do it with under $1 million
- 9% do not expect to retire (that number was 22% in a GOBankingRates survey earlier this year)
- Two-thirds of the respondents are worried they will run out of money before they die
- Half expect a major health expense in retirement that will eat up a lot of their savings
- Almost half of people are concerned that Social Security will run out
- Half of people are relying on Social Security to cover over half, if not all, of their retirement
Do You Think You Will Be Able To Retire at Age 65?
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