Majority of Investors Plan to Work During Retirement

Sixty-nine percent of investors between the ages of 21 and 50 plan to work either part-time or full-time during their retirement years.


Among those who plan to work at least part-time, most (75%) will do so because they want to stay active and involved; only 23% believe they will do so because they will not have saved enough money, according to a survey from T. Rowe Price.

Other survey findings among investors include:

  • The mean age at which they plan to retire is 62;
  • The mean number of years they expect to live in retirement is 22;
  • Seventy-seven percent expect tax rates will increase between now and their retirement; and
  • Forty-three percent expect a part-time job to be a source of income during retirement.

“Beginning with the Baby Boom generation, a new vision of retirement has emerged—one that includes an active lifestyle and, for many people, continued work or even a second career,” said Christine Fahlund, CFP, senior financial planner with T. Rowe Price. “This survey suggests that many younger investors are ready to adopt this relatively new approach to retirement.”  

The survey was conducted online in the U.S. by Harris Interactive on behalf of T. Rowe Price from December 1 to 12, 2011, among 860 adults aged 21 to 50 who have at least one investment account.