In its 2014 Fact Book on Retirement Income, the LIMRA Secure Retirement Institute estimates that 1.5 million people will retire every year from now until 2025.
This means 123,270 people will retire every month.
To put it another way, almost the same number of people as the population of Hartford, Connecticut retire every month in the United States.
Prior LIMRA Secure Retirement Institute research finds that more than half of pre-retirees (age 55-70, non-retired) say they are not confident that they will be able to achieve the lifestyle in retirement they desire.
Additional LIMRA Secure Retirement Institute research reveals less than 4 in 10 pre-retirees work with an advisor, yet those that do are more likely to have completed basic retirement planning and are more confident about their retirement security.