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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