Retirement Throughout the Ages: Expectations and Preparations of American Workers

American workers are continuing to recover from the Great Recession and its aftereffects. While the economy is recovering, the U.S. retirement landscape is also continuing to evolve, with increases in life expectancies, the need for Social Security reform, and an even greater need for individuals and families to plan and save for their future financial security. Most workers are rising to the challenge by saving but are they saving enough? Are they properly planning?

Retirement Throughout the Ages: Expectations and Preparations of American Workers examines the retirement outlook of workers in their Twenties, Thirties, Forties, Fifties, and Sixties and older. The research report compares and contrasts their retirement preparations and shed light on how they can navigate the future and improve their retirement outlook.

Workers of all ages face opportunities and challenges for improving their retirement outlook. As we progress through our working lives, our circumstances change over time with age. While workers in their Twenties are embarking on their careers with decades to plan and save, retirement for workers in their Fifties and Sixties is much closer on the horizon, with many needing to shore up the size of their nest eggs.

The report is based on findings from the 16th Annual Transamerica Retirement Survey of more than 4,500 workers conducted in 2015.