How are participants interacting with their defined contribution retirement plans, and what are the implications for target date fund glide path design? For more than two decades, J.P. Morgan Asset Management has closely examined this question, analyzing real-world saving and spending patterns to provide actionable insights into how to help more people achieve the retirement they’ve earned.
Retirement by the Numbers offers a unique view of how participants save, invest and spend throughout their working lives and retirement, leveraging data from the Employee Benefit Research Institute, Retirement LinkSM and de-identified Chase households. This research is designed to help plan sponsors deepen their understanding of realistic participant behaviors and provides a practical lens to assess the type of target date portfolio design best positioned to stand up to the stresses of saving and spending.
Key findings, by the numbers:
By understanding the numbers driving retirement outcomes, we can all help increase the odds that participants are able to achieve the replacement income they need to retire securely, when and how they want.