Monday, October 20, 2014

T Rowe Price Retirement Survey

I recently found this survey done by T. Rowe Price, the mutual fund company, asking 2,500 recently retired or soon to be retirees about their experience. Please view the slides here. A couple quick takeaways:
1. The average household replaces 66% of pre-retirement income.(slide 17)
2. Nearly 60% of respondents say "minimizing risk and producing income is more important than keeping upside market potential." (slide 18)
3. 89% of retirees say they are somewhat or very satisfied in retirement. (slide 28)
4. For retirees being asked --"Do you expect to spend down all or most of your assets to live on in retirement, or do you expect to leave a significant sum to heirs?"-- 59% expect to spend assets. (slide 24)

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