File Outline Insight

Retirement Survey: A Clear Vision

Allspring surveyed near-retirees, retirees, and advisors about retirement. This report gives employers and advisors insights to help near-retirees and retirees plan for and achieve a successful retirement.

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Key takeaways

  • Spending in retirement could drop by 25% (on average) before retirees’ happiness would be significantly impacted.
  • 62 is the average age of retirement, but retirees and advisors say 65 to 69 is a good range to balance financial and non-financial needs.
  • 6 in 10 near-retirees know their 401(k) or 403(b) plan offers advisory services; 47% of near-retirees are equally likely to work with that advisor as with any other advisor.
  • 64% of near-retirees and retirees believe they are on track to meet their retirement goals, while only 40% of advisors agree.
  • 1 in 8 near-retirees are actually unretirees, having returned to work after they retired. 83% of unretirees returned by choice, not out of necessity.
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