Did You Know?

•  An average retired couple age 65 in 2023 may need approximately $315,000 saved (after tax) to cover health care expenses in retirement¹.
• Workers younger than age 55 expect to retire before age 62 ²
• 35% say they will retire before age 65 ²
• 55 or older workers expect to retire at ages 66-69 ².
• 63% of workers report they are currently saving for retirement. Having an employer-sponsored retirement savings plan is a key factor in whether Americans save for retirement ³.
• 16% of those without access to an employer-sponsored plan said they have any retirement savings ³.

¹ Fidelity
² 2022 EBRI/Greenwald Research Retirement Confidence Survey
³ Social Security Administration