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Mar 13, 2023 | Articles

Retirement Facts
  •  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

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