People are overly optimistic about how long their retirement savings will last
0%
The average percentage of retirement savings people think they can realistically take out each year during their retirement and not run out of money
What percentage of their savings do people think they can realistically take out each year during retirement and not run out of money?
Percentage of retirement savings
Percentage of people who think this
<5%
5–9%
10–14%
15–20%
A significant proportion of people are not comfortable that they have saved, or will have saved, enough for their retirement
0%
The percentage of non-retired people who are not comfortable that they are saving enough to last throughout their retirement
0%
The percentage of retired people who are not comfortable that they have saved enough to last throughout their retirement
This trend is felt around the world
- Non-retired
- Retired
Asia
Europe
Americas
Other
The message is finally getting through, people are saving, with millennials leading the way
As a percentage of their current income, how much are non-retired people currently saving specifically for their retirement (including employer contributions)?
Those who rate their investment knowledge as ‘expert’, or ‘advanced’, are also saving more for their retirement
As a percentage of their current income, how much are non-retired people currently saving specifically for their retirement (including employer contributions)?
Beginner / Rudimentary
Intermediate
Expert / Advanced
But, people feel they could be convinced to save even more for retirement, particularly the younger generations
Percentage of non-retired people who feel they could be convinced to save more for retirement
Millennials (18-37)
0%
Generation X (38-50)
0%
Baby Boomers (51-70)
0%
Silent Generation (71+)
0%
And whilst retired people are less convinced that they could have been persuaded to save more, a high number still feel this way
0%
of retired people feel that something would have convinced them to save more for retirement