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Only one-quarter of pre-retirees prepared for retirement

Of the 33 million pre-retirees living in the U.S., even more feel they haven't saved enough or made the right arrangements for a successful retirement.

By Paula Aven Gladych | Updated on November 28, 2012

One quarter of the 33 million pre-retirees living in the U.S. feel very prepared for retirement, according to a new study by LIMRA. In 2010, that number was 30 percent.

“Pre-retirees’ circumstances have not improved over the past several years with fewer pre-retiree households having $100,000 or more in financial assets (45 percent in 2007 to 38 percent in 2010),” said Matthew Drinkwater, associate managing director of Retirement Research. “Even more troubling, our survey revealed that pre-retirees have unrealistic expectations regarding how much income they will need and their ability to work in retirement.”

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