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Retirement Savings Stats

Looking for retirement savings statistics? Are you sure? They are pretty sad!

This page shows retirement savings statistics, by age, from the Employee Benefit Research Institute (EBRI) in 2009:

Under age 35

Age 35-44

Age 45-54

Age 55-64

Age 65-75

$ 6306

$22,460

$43,797

$69,127

$56,312

Now – think about it – how much you have saved and what you need - depends on your lifestyle!

They say you can safely spend 4% of your retirement savings each year – and the retirement savings account should last long enough (a retired lifetime). But 4% of your savings account may not be enough of a monthly income for you.

Example: You need $50,000 a year in retirement. You'd need $1.25 million for that $50,000/yr income.. Yikes!

Now, depending on your Social Security payment – that number might be reduced.

Say you get $1000/mo from Social Security - $12,000 per year. Then you need another $38,000 per year.

If you are one of these retirees who just haven't saved enough, you might need to consider your retirement expenses instead.


Return to more Retirement Money Pages