That was one conclusion drawn from the 2010 Retirement Readiness Ratings recently released by the Employee Benefit Research Institute (EBRI).
According to the EBRI data, 47.2% of early baby boomers (56 to 62 years old) risk running short in retirement, down from 59.2% in similar 2003 data. In the same vein, some 43.7% of late baby boomers (46 to 55) risk falling short in retirement, down from 54.7% seven years ago.
Finally, among generation Xers (36 to 45), 44.5% could deplete their nest egg, down from 57.4% in 2003.
The EBRI data also shows that the length of time investors participate in a workplace retirement plan also affects their chances of depleting their finances (see Length in Retirement Plan Affects GenX Retirement Readiness).
More about the EBRI data is at htttp://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2010_No344_RRR-RSPM.pdf.