An Alarming 43% of Pre-Retirees Incorrectly Believe They Can Annually Draw Down 10% or More of Their Savings in Retirement

Five years after the release of MetLife's first Retirement Income IQ Test, a national poll to gauge pre-retirees' knowledge of retirement income issues, a new version of the study, released today by MetLife Mature Market Institute, reveals that almost seven in ten (69%) pre-retirees overestimate how much they can draw down from their savings - with an alarming 43% saying they believe they can withdraw 10% or more each year while still preserving their principal - even though most retirement experts suggest a withdrawal rate of no more than 4% annually.

An Alarming 43% of Pre-Retirees Incorrectly Believe They Can Annually Draw Down 10% or More of Their Savings in Retirement
Source: PR-Inside.com