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401(k) Savers Want Help Understanding How Much They'll Need for Retirement
Charles Schwab
Sept. 15, 2020 "The area where 401(k) participants say they could most use help is understanding how much they'll need to save for retirement ... Over two thirds (68%) of participants gave an estimate of how long their retirement savings will last, with the average being 24 years. The remaining 32% say they do not know how many years their retirement savings might last ... [P]articipants expect 44% of [their retirement income] to come from a 401(k). The remaining 56% is expected to come from a range of different sources." [Also available: Summary of survey results (14 presentation slides)] MORE >> |
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