67% of Americans have some retirement savings, but almost 25% don’t know how much.
67% of Americans have some retirement savings, but almost 25% don’t know how much.
Source: TIAA Institute, 2024
Are you saving for retirement? Have you calculated the exact amount you’ll need to retire comfortably? Are you certain it’s enough to last your whole life?
It’s no wonder that in a 2024 survey1 of over 2,500 U.S. workers, 62% said retirement planning stresses them out.
Even if you’re contributing diligently to a retirement plan, factors like inflation, student debt, childcare costs, healthcare expenses and longer life expectancy make it tough to know whether your retirement income will last your entire lifetime.
Scroll to learn about the retirement system’s limitations and how options like in-plan annuities—savings and investment vehicles offered through an employer’s retirement plan—can produce income you won’t outlive.