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- Apr 14, 2006
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Here is an interesting survey of retiree finances, which also ties into another thread on whether people feel they retired too soon or too late.
https://listwithclever.com/research/retirement-finances-2022/#retirement-savings
This was a survey conducted by a realtor, so they may have some bias, but it's not immediately obvious to me.
https://listwithclever.com/research/retirement-finances-2022/#retirement-savings
The average retiree has $191,659 in retirement funds — barely more than one-third (37%) of the expert-recommended $514,800.
In fact, only about 1 in 3 retirees (38%) have actually saved enough for retirement.
1 in 3 retirees (30%) report they have nothing in savings, and 75% of retirees have debt.
This was a survey conducted by a realtor, so they may have some bias, but it's not immediately obvious to me.