Retirement Research

Our annual national Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey explores individuals’ retirement income strategies and expectations. Now in our sixth year, we continue to uncover surprising insights about retirement income planning.

Short-term Volatility and Retirement Planning

Our survey found that people are almost equally as concerned about short-term market volatility (47%) as they are about not achieving their long-term retirement investment goals (53%).

Concerns Vary by Generation

Curiously, Millennials, who generally have the longest time horizon when it comes to meeting long-term retirement investment goals, are more preoccupied with short-term risks (47%) versus GenXers. Millennials also reflected slightly more concern about not achieving their goals (53%) than their Boomer generation counterparts (50%), even though they have a lot more time to save.

Millennial Highlights

26% expect running out of money during retirement to be their top concern.

58% are concerned about managing their retirement income to meet their retirement expenses.

44% would like to see more options in their current employer sponsored retirement plan.

56% are looking forward to traveling in retirement.

Baby Boomer Highlights

36% expect health/medical issues to be their top concern during retirement.

54% are not concerned about managing their retirement income to meet their retirement expenses.

19% would like to see more options in their current employer sponsored retirement plan.

57% are looking forward to spending more time with friends and family.

Looking for Tools

Another finding is that people are looking for their current employer to provide a number of planning resources. This includes tools to calculate their future retirement expenses (28%), determine medical costs in retirement (27%), estimate Social Security benefits (27%), choose the right investments to save for retirement and to generate income in retirement (25% respectively).

Future Retirement Expenses

28.0%

Medical Costs in Retirement

27.0%

Social Security Benefits

27.0%

Generate Income in Retirement

25.0%

Similarly, 17% of people who are employed full-time or part-time with children under 18 in the household are looking for college savings-related tools. This is roughly equal (16%) to the number of those with children in the household under age 18 who expect financing their children’s education to delay their retirement.