2024 Retirement Risk Survey Series
May 7, 2026
Authors
Timothy Geddes, FSA, EA, MAAA, FCA
May Ling Hu, FSA, EA, MAAA, FCA
Hailey Johnson, ASA
Griffin Lothrop, ASA, EA, MAAA, FCA
Deloitte Consulting
Sponsors
Aging and Retirement Strategic Research Program
Society of Actuaries Retirement Section
FINRA Investor Education Foundation
The 2024 Retirement Risk Survey analyzes U.S. retirement preparedness, income sources, and risks. It highlights early retirement trends, reliance on Social Security, inflation concerns, caregiving impacts, and financial vulnerability among pre-retirees compared to retirees.
Overview
The 2024 Retirement Risk Survey examines how Americans aged 45–80 prepare for and experience retirement, focusing on income, risks, and financial behaviors. The study finds that Social Security remains the primary income source, while reliance on personal savings and employer-sponsored plans continues to grow as traditional pensions decline. Many retirees leave the workforce earlier than expected, often due to health or personal factors.
Pre-retirees report greater financial stress and vulnerability to economic shocks, including inflation and unexpected expenses. They are more likely to experience financial disruptions and reduce spending significantly compared to retirees. Inflation, healthcare costs, and market risks remain key concerns affecting retirement planning and security.
Family responsibilities and caregiving also play a significant role in retirement readiness. Financial support for family members can reduce savings, while many individuals remain unprepared for future caregiving needs. Technology use is widespread, though adoption of advanced tools like AI varies by age and income.
Key Findings
Retirement Risk Survey – Infographic
- Many retirees retire earlier than planned, often due to health or job factors
- Social Security remains the primary retirement income source
- Shift away from pensions toward personal savings and employer plans
- Pre-retirees face greater financial strain and exposure to shocks
- Inflation is a major concern, especially for lower-income groups
- Family financial support reduces retirement savings capacity
- Caregiving responsibilities influence planning but are often underprepared for
- Retirees generally manage financial shocks better than pre-retirees
- Technology use is widespread, but AI adoption varies by age and income
Materials
2024 Retirement Risk Survey – Full Report
2024 Retirement Risk Survey – Family Support & Retirement
2024 Retirement Risk Survey Series - Technology and Retirement
FAQ
How does inflation impact retirement planning and financial security?
Inflation significantly affects retirement by increasing living costs and reducing purchasing power. Pre-retirees are more impacted, often adjusting spending or savings strategies, while retirees show greater ability to adapt through spending changes.
Key Components of the Report
- Executive Summary
- Methodology
- Retirement Income and Spending
- Planning for Shocks and Unexpected Events
- Caregiving
- Family Financial Dynamics
- Inflation Impacts
- Technology Use in Retirement Planning
- Appendix (Survey Questionnaire)
Source Citation
Geddes, Tim, May Ling Hu, Hailey Johnson, and Griffin Lothrop. 2024 Retirement Risk Survey: Report of Findings. Society of Actuaries Research Institute, April 2026. https://www.soa.org/resources/research-reports/2026/retirement-risk-survey-findings/
Download Materials
Survey of Financial Perspectives and Retirement Planning for Solo-Agers
The Solo-Agers Decision Guide Resource Series
Managing Post-Retirement Risks: Strategies for a Secure Retirement (Risk Chart)
Questions or Comments?
If you have comments or questions, please send an email to research@soa.org.