The Biggest Risk in Retirement: Believing You Still Have Time
For many Americans, retirement feels like a distant milestone—something to prepare for “later,” once life feels less busy or finances feel more stable. But this mindset is exactly what puts so many individuals and families at risk.
While the idea of having “plenty of time” is comforting, the data paints a very different picture.
A Nation Underprepared
Retirement surveys consistently show that most people are far behind:
- 57% of Americans have less than $25,000 saved for retirement (EBRI).
- 1 in 4 adults have no retirement savings at all, not even a single dollar.
- According to a recent Northwestern Mutual study, the average American is over $500,000 short of what they believe they’ll actually need.
- Nearly 40% expect to work past age 70, not because they want to—but because they feel they have to.
- Meanwhile, 62% of workers have no formal retirement strategy or written plan guiding their decisions.
These numbers reveal a truth many people don’t want to confront: waiting is the most expensive choice of all.
Why Time Matters More Than Most People Realize
Retirement planning is less about how much you earn and more about how long your money has to grow. The earlier you start, the more you leverage compounding, stable strategies, and tax advantages. But when preparation is delayed, even strong efforts later in life struggle to make up for lost years.
This is why the biggest risk in retirement isn’t the stock market, inflation, or longevity—
it’s assuming you have more time to prepare.
A Small Step Today Can Change Everything Later
Whether someone is in their 20s, 40s, or already nearing retirement age, the most important step is simply getting started. A clear strategy—built around protection, growth, and long-term stability—can turn uncertainty into confidence.
Retirement doesn’t happen by accident.
Security doesn’t appear on its own.
But with the right plan, it can be built—one decision at a time.
Important Information: This content is for educational and informational purposes only and should not be interpreted as financial, tax, or legal advice. Retirement needs vary based on individual circumstances, and the statistics referenced are based on publicly available research from third-party sources. Individuals should consult with a licensed financial professional or advisor before making any decisions regarding retirement planning or financial strategies. Past performance does not guarantee future results.