Retirement Survey: Less Than Half Have Started Planning for Retirement

The economy has had a large impact on the way Americans work. But it also may be having a large impact on the way they retire, or don’t retire, from work. Studies have shown that fewer current workers feel they will be able to retire someday. How many Americans have started planning for retirement? And how many hope to retire someday?

retirement

US Workers

In Ask Your Target Market’s latest survey, 41% of US respondents said they definitely hope to retire fully from work someday. 16% said they would probably want to retire someday. 7% said they probably wouldn’t want to retire. And just 3% said they definitely don’t want to retire. 13% of respondents said they are already fully retired from work. And another 21% said they don’t work or at least don’t have a traditional job.

Work Expectations

But hopes might be slightly different than expectations as far as retirement is concerned. Just 34% of workers said they definitely plan to retire fully from work someday. 27% said they will probably retire fully someday. 33% said they probably won’t fully retire. And 6% said they definitely don’t plan to retire fully.

Of those who don’t plan to fully retire from work, 9% said they definitely plan to retire at least partially. 40% said they probably plan to retire partially. Another 40% said they probably won’t retire partially. And 11% said they definitely won’t.

Retirement Plans

45% of those who plan to retire at least partially someday said that they have started actually planning for retirement. Those who plan to fully retire were just 3% more likely to have started planning for retirement. But those who said they definitely plan to retire were 15% more likely to have started planning.

You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.

Photo Credit: Carla Carpenter Retirement Party from Flickr

What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.

Results were collected on September 19 via AYTM’s online survey panel.

ABOUT THE AUTHOR: Anne Pilon
Anne Pilon brings 3 years experience to AYTM as a blogger and journalist. She has a degree in journalism and marketing communications from Columbia College in Chicago and enjoys writing about business, marketing, social media, and art.