Skip To Content

Finances In Retirement

New Challenges, New Solutions

Select your life priorities for specific insights below:

Share:

25.3%
5.5%

Percentage of Annual Disposable Personal Income

What people say they should be saving for retirement

What people are actually saving for retirement

Did you know?

64% of American pre-retirees over the age of 50 are willing to postpone taking Social Security in order to prepare for retirement.1 Are you? Read our report to explore your options.

Get the full report Next

Share:

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
12
22
23
24
25
26
27
28
29
30
13
32
33
34
35
36
37
38
39
40
14
42
43
44
45
46
47
48
49
50
15
52
53
54
55
56
57
58
59
60
16
62
63
64
65
66
67
68
69
70
17
72
73
74
75
76
77
78
79
80
18
72
83
84
85
86
87
88
89
90
19
82
93
94
95
96
97
98
99
100
72%

of people worry about serious health problems in their retirement.1

Health Icon

Did you know?

The average retirement age couple needs $259,000 to cover out-of-pocket health-related expenses in retirement.2

Get the full report Next

Share:

Family Icon 1

On average people loan or give

$6,500

to adult, children, siblings, parents, or grandchildren each year1

Family Icon 1 Family Icon 2

Did you know?

84% of retirees say they believe educating their family on financial independence could make them more comfortable in retirement.1 How does your family compare? Find insights about family finance in our report.

Get the full report Next

Share:

Nearly

55%

of retirees began their retirement earlier than expected1

Clock Icon

But

Nearly

50%

of retirees currently work, have worked, or plan to work in retirement1

Computer Icon
Car Icon

Did you know?

Driving an Uber for 15 hours a week could earn you $14,400 per year, adding $144,000 in retirement funds over 10 years.3 What kind of work might fit into your lifestyle? Get ideas from our report.

Get the full report Next

Share:

64% of retirees have moved or anticipate moving in retirement.1

51% moved to a smaller home

19% moved to a same-sized home

30% moved to a larger home

Did you know?

Renting your home through Airbnb three weeks a year while you're on vacation could be worth $6,000 per year, or $120,000 in retirement funds over 20 years.4 Discover more innovative strategies in our report.

Get the full report Next

Share:

95% of retirees say they prefer experiences over things.1

Did you know?

86% of retirees say it's easy to find inexpensive leisure activities they enjoy.1 Whether it's traveling off-peak, choosing less expensive dining and transportation options, or using discounts, there are many options to explore.

Get the full report Next

Share:

Which better defines success for you? Being wealthy or being generous?1

15%

being wealthy

85%

being generous

Did you know?

75% of adults are willing to increase their time spent volunteering for causes, if their ability to give monetary donations decreases.1 How will you meet your giving goals? Our report can provide some ideas.

Get the full report Next

Merrill Lynch has the resources and expertise to help you prepare for a retirement that puts your life priorities first.

Get the full report Find a financial advisor Want to explore more? Back to top

1) Source: Age Wave/Merrill Lynch, "Finances in Retirement: New Challenges, New Solutions," 2017

2) Source: EBRI, 2015; 90% certainty to cover Medigap premiums, Medicare Part B premiums, Medicare Part D premiums, and out-of-pocket expenses for retirement at age 65 assuming median health-related costs through retirement. Estimates exclude costs of long term care; 2015 dollars

3) Source: "How much do drivers with Uber make on average." www.uber.com/info/how-much-do-drivers-with-uber-make

4) Source: "Statista - Average daily rate (ADR) of Aribnb rentals by type of room in the U.S. in 2015 (in U.S. dollars)."" https://www.statista.com/statistics/516464/airbnb-average-daily-rate-by-room-type-us

X

You need to answer some questions first

Then we can provide you with relevant answers.

Get started