How long will my retirement savings last? Most Americans can’t answer that
May 30, 2025 by Steve Randall
The impact of inflation on Americans’ retirement savings is clear and it remains a key concern of retirees and those who are planning their retirement years.
Wink’s Moore on the Market: Most Americans have no idea how long their retirement funds will last.
A recent survey by Schroders provides some interesting stats:
– 40% believe they have enough saved for retirement;
– 45% of those already retired say expenses have been higher than they had expected;
– 27% spend an hour or more per day worrying about money; and
– 64% said they do not work with a professional advisor.
When asked to describe their financial situation in retirement:
– 5% say they are “living the dream”
– 37% are “comfortable”
– 39% are “not great but not bad”
– 16% are “struggling”
– 3% are “living the nightmare”
I would love to know the demographic for this survey as the descriptions of the financial situation seem far more optimistic than what I have read in the past.
-sjm
