--- title: Even Millionaires Are Worried They Can't Afford to Retire description: Millionaires may have more assets than the average investor, but that doesn't necessarily make them feel better about their prospects. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former Money reporter specializing in Social Security and retirement coverage, with a focus on making complex policy accessible to readers. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Retirement - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Shopping - Taxes former_staff: true editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Retirement - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2023-02-08T20:41:34.000Z' modified: '2024-01-10T13:28:11.000Z' section: Retirement tags: - News word_count: 426 canonical: https://money.com/millionaires-worried-retirement/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Collage of man thinking of retirement plans](https://img.money.com/2023/02/News-Millionaires-Retirement.jpg) A million dollars isn’t what it used to be — at least according to millionaires, many of whom say it will take a “miracle” to [retire](https://money.com/how-long-retirement-lasts-survey/) securely. A recent deep dive into a 2021 [survey](https://www.im.natixis.com/us/research/2022-millionaire-report) of 8,550 individual investors from around the world found that millionaires aren’t so different from ordinary folks when it comes to retirement anxiety. In fact, more than a third of people with at least $1 million or more in investable assets were almost as likely to say they can’t [afford to retire](https://money.com/comfortable-retirement-cost-expectations/) as investors overall. ## What the data says The Natixis Global Survey of Individual Investors found that roughly 79% of survey respondents with at least $1 million said they felt able to retire comfortably. High-net-worth individuals also reported that they had more than four times the median assets of the overall survey population, or $2 million versus $450,000. - But they only reported a median retirement savings of $650,000, which is just 2.5 times that of the overall survey population. - Natixis says this shows "even millionaire investors recognize that [financing retirement](https://money.com/healthcare-costs-retirement-fidelity-study-2022/) is no small feat," adding that 36% would "go so far as to say they worry that they’ll never have enough money to retire." - In fact, 35% of millionaires surveyed said it'd "take a miracle" to have a secure retirement. ## Why millionaires are worried - A million bucks is a lot of money, but there are a lot more millionaires now than in the past. [Capgemini’s World Wealth Report](https://worldwealthreport.com/) shows the number of individuals with at least $1 million more than doubled from 10.9 million in 2010 to 20.8 million in 2020. - Other factors also influence retirement sentiments — namely, [inflation](https://money.com/things-getting-more-expensive-inflation/). High-net-worthers are also concerned about low interest rates and public debt resulting in lower public benefits in the future, according to the Natixis survey. ## Keep in mind - Trading platform [Merrill Edge](https://www.merrilledge.com/article/how-much-do-you-really-need-to-save-for-retirement) says even retirement researchers can’t agree what [amount of money](https://money.com/comfortable-retirement-cost-expectations/) people should have saved for retirement because it varies based on factors like age, health, profession and location. - However, millionaire or not, there are plenty of [steps](https://money.com/saving-retirement-harder/) you can take ahead of time to secure a comfortable retirement. Natixis says retirees should consider the impact of inflation, estimate lifespan, set realistic income goals, take conservative [investment risks](https://money.com/best-long-term-investments/), and have reasonable expectations for returns. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/millionaires-worried-retirement/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Retirement", "item": "https://money.com/retirement/" }, { "@type": "ListItem", "position": 3, "name": "Retirement Planning", "item": "https://money.com/retirement-planning/" }, { "@type": "ListItem", "position": 4, "name": "Even Millionaires Are Worried They Can't Afford to Retire" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/millionaires-worried-retirement/#webpage", "url": "https://money.com/millionaires-worried-retirement/", "name": "Even Millionaires Are Worried They Can't Afford to Retire", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-02-08T20:41:34.000Z", "mainEntity": { "@id": "https://money.com/millionaires-worried-retirement/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/millionaires-worried-retirement/#breadcrumb" }, "dateModified": "2024-01-10T13:28:11.000Z" }, { "@type": "NewsArticle", "headline": "Even Millionaires Are Worried They Can't Afford to Retire", "articleSection": "Retirement", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/02/News-Millionaires-Retirement.jpg", "width": 2880, "height": 1920, "caption": "News-Millionaires-Retirement" } ], "author": [ { "@type": "Person", "name": "Mary Ellen Cagnassola", "url": "https://money.com/author/mary-ellen-cagnassola/", "@id": "https://money.com/author/mary-ellen-cagnassola/#author", "description": "Mary Ellen (M.E.) 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