Key facts
- 58% of Americans believe their 401(k) balance is sufficient for retirement.
- 48% of Americans with a 401(k) balance lack a plan to use the funds.
A survey reveals that a majority of Americans, 58%, are confident that their current 401(k) balance will be adequate for their retirement needs. Despite this confidence in the balance itself, a substantial number of these individuals, 48%, have not developed a specific strategy or plan for how they will access and utilize these retirement funds once they stop working.