Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

15 Things That Might Complicate Your Plans To Retire At 65

February 8, 2021 · Personal finance

Most Americans associate sixty-five with the age for retirement. But times have changed and this goalpost most workers have worked toward has suffered slight adjustments in the past years, with 25 percent of adults aspiring to retire at the age of 65 and almost 40 percent expecting to retire after this age.

Even if many Americans look forward to leaving their 9 to 5 job, 8 in 10 are concerned they won’t be able to do retire when planned and live a comfortable retirement. If you’re among them, here’s what might make it harder for you to retire at 65.


You don’t have enough savings

Contributing to an IRA or 401(k) is a good way to save for retirement. Unfortunately, it is not always enough. You may have struggled to put money into your 401(k) but haven’t done enough to exceed your employer’s match.

“People want to extend their working lives and plan to keep working in retirement,” said Catherine Collinson, CEO and president of the Transamerica Center for Retirement Studies. The main reason is that they didn’t manage to build a comfortable nest egg to retire comfortably.

RELATED: 8 Reasons Your Retirement Will Be Tougher Than You Expect

You don’t have any savings

The only thing worse than not saving enough for retirement is not having saved at all. But if it’s any consolation, you’re not alone in this boat. According to a recent survey, one-third of Americans have not saved anything for their golden years while 55 percent managed to put aside less than $10,000.

“Over the past few decades, there has been a shift from defined benefit to defined contribution pension plans. In the defined benefit world, one didn’t need to be concerned with saving for retirement,” says Robert Johnson of Heider College of Business at Creighton University. The baby boomers expected to retire in the future have not witnessed their parents struggling to put money aside for retirement, therefore, they didn’t feel the pressure of saving either.

If you’re in this situation, don’t postpone saving any longer! Review your budget and try to cut certain expenses so that you can put some money aside every week or month. If you get a raise or earn some extra cash, transfer it to your retirement fund as well. Pretty soon, you’ll have your very own nest egg to fall back on in retirement.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retiree looks out over a lush tropical valley at sunset from a terracotta balcony, holding a coffee mug. 10 Best Countries to Retire Abroad in 2027
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month
  • A retired couple at a kitchen table looking at a map and tablet, planning their next move to a surprise retirement destination. 8 Places That Surprise Retirees in the Best Possible Way
  • A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes. 11 Nature-Filled Destinations Perfect After 60
  • A retired couple sits on a coastal bench in Maine at twilight, looking out at a harbor with lobster boats. 9 Charming Northern Spots for Retirement
  • A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun. 10 Western Retirement Spots with Incredible Lifestyle Appeal
  • Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle. 9 Places Where Seniors Are Finding More Things to Do
  • A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning Social Security's 2027 COLA Forecast Just Changed - Here's What Retirees Should Know

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

6 Important Changes to Social Security Benefits in 2026

From the 2.8% COLA increase to the finalized full retirement age of 67, here is…

Read More →

Avoid Using These Passwords At All Costs

If you’re an up-to-date retiree who deals with most of her/his transactions and manages accounts…

Read More →

11 Things Retirees Should Buy ONLY at Costco (And Why)

The big-box retailer is the perfect place to find a good deal, especially for retirees.…

Read More →
A retired couple at their kitchen table looking concerned while reviewing a property tax assessment form and financial papers.

8 States Where Property Taxes Are Hurting Retirees the Most

Discover the 8 states where soaring property taxes drain retirement savings, and learn actionable strategies…

Read More →

7 Important Changes to Social Security in 2022

Since 1935, when it was officially signed, Social Security has been in charge of providing…

Read More →

12 Best Kirkland Products You Should Get at Costco

Discover the top 12 Kirkland Signature products at Costco that help retirees stretch their fixed…

Read More →
A senior man locking his front door during golden hour, representing home security.

13 Free Ways to Keep Thieves From Breaking In

Discover 13 practical, free ways to secure your home from burglars and enjoy a stress-free…

Read More →

11 Retirement Facts You Need to Take Seriously

Want to ensure that your golden years will truly be golden? There are no two…

Read More →

The Worst 5 States for Seniors to Be Healthy

Discover the worst states for senior health, the systemic challenges retirees face in these regions,…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.