2024 Retirement Confidence Survey

Key findings:

• 68% of workers and 74% of retirees are confident they will have enough money to live comfortably throughout retirement
• 78% of workers and 72% of retirees are concerned inflation will impact their retirement
• 88% of workers and 91% of retirees expect Social Security to be a source of income in retirement
• 35% of workers and 62% of retirees report Social Security is a major source of income
• 70% of retirees reported retiring before age 65, with a median age of 62
• 33% of workers calculate that they will need $1.5M or more in retirement
• 33% of workers currently have less than $50,000 in savings and investments