Affluent Americans expect to delay retirement to age 68, according to the Investor Retirement Income Trends report published by Market Strategies International.
Retirees, however, stopped working at 60 on average, according to the report.
MSI surveyed nearly 900 investors for the Cogent Reports survey. Respondents were 55 or older with at least $100,000 in investable assets.
Just 28% of pre-retirees, respondents older than 55 who had not yet retired, said they were very confident about their ability to generate enough income in retirement to meet their needs.
“We see over one-third of all affluent Americans expressing serious concerns about either outliving their money or not being able to handle unexpected costs,” Julia Johnston-Ketterer, senior director for MSI and author of the report, said in a statement. “These legitimate fears, coupled with increasing longevity, are pushing even affluent Americans to remain in the work force longer.”