Majority of Americans feel retiring “on-time” isn’t achievable
A new survey from TIAA has found that most Americans believe the dream of retiring between 65 and 70 is an unattainable goal.
The survey of 1,000 U.S. adults between the ages 18-65 found that nearly two-thirds of Americans plan on working until they are no longer physically able to do so. Only 37 percent of U.S. adults said they believe retiring on time is realistic for them. Part of TIAA’s 2025 American Retirement Confidence Survey, the report found that nearly a third of Americans (30 percent) are not confident they will be able to cover day-to-day expenses for the remainder of their lives.
“Americans clearly want peace of mind in retirement, but the reality is that too many people either aren’t saving enough or aren’t confident in their ability to plan,” Kourtney Gibson, CEO of Retirement Solutions at TIAA said. “We’re seeing the consequences of a system that has left millions without proper guidance. TIAA’s findings reaffirm the importance of products that offer actual guarantees, personalized financial advice, and workplace retirement plans in helping people achieve the retirement security they deserve.”
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