If They Could Do It Again – 46% of Retirees Would Retire Earlier
Retirees Report Desire to Have Started Retirement Four Years Earlier
Pre-Retirees Encouraged To Get Educated and Plan for the Retirement They Want During National Retirement Planning Week
The survey asked retirees age 62-70 with
“Much of the dialogue around retirement has been focused on people enjoying longer lives and ensuring they don’t run out of money. What the survey shows is that retirees, if given the opportunity, would want four or five years at the front end of their retirement, when they are healthiest, most active and able to get the most out of their retirement savings,” said
In addition, the survey revealed:
- 51 percent of retirees who were 60 or older when they retired reported they would have preferred an earlier retirement;
- Both men and women reported similar feelings about retiring earlier; 47 percent of men would have retired sooner, and 46 percent of women would do the same;
- Similarly, men and women wish for nearly the same amount of time for their earlier retirement – men wanting to have retired 4.53 years sooner, and women reporting 3.96; and
- Three quarters (74%) of those who would have retired earlier if they could have the same level of financial security report that they would be interested in hearing more about financial products that could have helped make this possible.
“During this week designated National Retirement Planning Week, we hope the perspective retirees offer helps future generations plan toward a retirement as early as they wish,” added
This survey was conducted by Ipsos Public Affairs in 2014. A national sample of 750 retired adults aged 62 – 70 with at least
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in
**Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, please see http://fortune.com/fortune500/.
***Individual independent rating agency commentary as of 3/26/15.
****New York Life Investments is a service mark used by
Source: New York Life Insurance Company