Almost half of the High Income investors who have not yet retired have definite retirement plans and want to retire within 10 years, according to a new Spectrem study.
The study surveyed investors with net income ranging from less than US$100,000 annually to those with net income of US$750,000 and more annually. 57% of the group was male and 43% was female.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Retirement was the most frequently cited concern of the investors surveyed, with 52% selecting ‘being able to retire when I want to.’ That number decreases according to income, with 55% of those with less than US$100,000 income concerned about being able to retire when they want to compared to 36% of those with US$750,000 or greater income.
Investors who were already retired had the option to say that choice was not applicable.
Among investors with more than US$1 million in income, 18% said they have no plans to retire, according to the research.
Investors were closely split between retired and working, with 46% retired and 43% working. 11% called themselves semi-retired. 51%of those with US$750,000 or more in net income said they were ‘working.’
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAmong those working, 21% said they would retire in less than 5 years, while 47% said they would retire in more than 10 years. 15%of those with greater than US$750,000 said they never plan to retire, while 11% of the not-yet-retired investors said they plan to retire before they turn 60.
Using age as a retirement target, 33% said they planned to retire between the ages of 66 and 70, while 38% said they planned to retire between 62 and 65. 17% said over 70 was the target age, while 31% of those with incomes of $750,000 or more targeted over 70.
The study showed expected results in terms of those who expect to live comfortably in retirement. More than three-fourths of the wealthiest income segment believes they will have sufficient income to live comfortably, while only 59% of those with an annual income of less than US$100,000 expect to have sufficient income to retire comfortably.
Almost 30% of investors with less than US$100,000 net income admit they are not saving enough. The numbers decrease as income rises, except for the US$750,000-plus investor, which is twice as concerned about savings as the two income segments below (although only 10% indicates they are not saving enough).
