Figure 18: Many Americans have overly optimistic retirement income expectations.

If you were to retire at age 67 with $100,000 in retirement savings, how much income do you think you would be able to draw annually from that savings throughout your retirement? [Among those under age 67 and not retired]

Additional context: 50% expect to be able to draw $10,000 or more per year throughout retirement from a $100,000 nest egg at age 67. With 6% post-retirement returns, $10,000 withdrawals would only last to age 82 (15 years). 77% of females and 68% of males, aged 67 and of average health, are expected to live past age 82. Annual withdrawals of $25,000 would not last until age 72.
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