Most Americans Expect To Outlive Their Money In Retirement. Will You?

Retirees and those 50 and up fear declining finances in older age, report shows. Less than 20% expect to maintain a comfortable lifestyle in retirement.

An older female retiree looks at a computer.
(Image credit: Getty Images)

Fewer than one in four, or only 17% of Americans over 50, are very confident that they can maintain a comfortable lifestyle in retirement, while over 50% fear outliving their savings, according to a new survey report released by nonprofit Transamerica Center for Retirement Studies® (TCRS), in collaboration with Transamerica Institute®. 

The survey, Life in Retirement: Pre-Retiree Expectations and Retiree Realities, compared the retirement preparations and expectations of workers aged 50+ with the experiences of retirees. The survey examined their visions of aging and retirement, when and how retirement happens, life in retirement and their finances.

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Kathryn Pomroy

For the past 18+ years, Kathryn has highlighted the humanity in personal finance by shaping stories that identify the opportunities and obstacles in managing a person's finances. All the same, she’ll jump on other equally important topics if needed. Kathryn graduated with a degree in Journalism and lives in Duluth, Minnesota. She joined Kiplinger in 2023 as a contributor.