GITNUXREPORT 2025

Gen X Retirement Statistics

Many Gen Xers face retirement insecurity, under-saving, and delayed plans.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The average age of retirement for Gen Xers is projected to be around 66

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The median age of retirement for Gen X is projected at 66 years

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The projected growth of Gen X retirees over the next decade will increase demand for retirement healthcare, estimated at a 25% rise

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48% of Gen Xers are worried about inflation eating into their retirement savings

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The average debt for Gen Xers entering retirement is approximately $20,000, primarily from mortgages and credit card debt

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20% of Gen Xers prioritize paying off debt over saving for retirement

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30% of Gen X have no retirement plan or emergency fund

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50% of Gen X have trouble balancing current expenses and future savings

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78% of Gen X believe their retirement will be affected by inflation

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Nearly 50% of Gen X are concerned about market volatility affecting their retirement nest egg

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Only 28% of Gen Xers have adequate emergency savings, complicating retirement planning

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Nearly 60% of Gen Xers expect to work past age 65

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About 35% of Gen Xers have delayed retirement plans due to financial insecurity

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45% of Gen Xers expect to retire later than age 67

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48% of Gen Xers plan to work after retirement

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30% of Gen Xers have indicated they will need to work part-time in retirement

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The average age at which Gen Xers expect to retire is 67

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40% of Gen X plan to delay retirement due to financial concerns

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60% of Gen Xers plan to downsize or move in retirement to reduce living costs

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Approximately 52% of Gen Xers will need to work past age 65, according to recent surveys

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35% of Gen X plan to delay retirement until at least age 70

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60% of Gen X believe they will need to downsize or relocate in retirement

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50% of Gen X believe they will need to work into their late 60s or early 70s

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55% of Gen X have delayed reaching their retirement savings goals because of economic factors

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About 40% of Gen X planners expect to rely heavily on Social Security

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32% of Gen X plan to retire after age 70, citing economic insecurity

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40% of Gen X retirees expect to rely on family support to cover living expenses

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52% of Gen X plan to work part-time or freelance during retirement

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The majority of Gen X would prefer to retire between ages 65 and 67 when asked, but many plan to work longer

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65% of Gen X regret not saving more earlier in their careers, according to recent surveys

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Approximately 40% of Gen Xers have no retirement savings

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The average retirement savings for Gen Xers is around $60,000

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55% of Gen Xers are worried they won’t have enough money for retirement

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The median savings for Gen X households is approximately $35,000

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70% of Gen Xers are concerned about healthcare costs in retirement

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Only about 20% of Gen Xers have a full pension plan

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65% of Gen Xers have experienced a decline in savings during the pandemic

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On average, Gen Xers have $107,000 in total retirement assets

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About 50% of Gen Xers have attempted to save more for retirement in the past year

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25% of Gen Xers are behind on their retirement savings goals

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The number of Gen Xers contributing to retirement accounts increased by 15% in 2023

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55% of Gen Xers have less than $50,000 saved for retirement

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85% of Gen Xers believe they will need supplemental income to support their retirement lifestyle

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Less than 30% of Gen X owns long-term care insurance, which is crucial for retirement planning

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40% of Gen X are not confident they will be able to retire comfortably

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The proportion of Gen Xers with individual retirement accounts (IRAs) has doubled since 2010

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50% of Gen X workers have access to a 401(k) plan through their employer

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35% of Gen Xers plan to work in retirement to supplement income

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The average contribution rate among Gen Xers with retirement accounts is around 8%

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70% of Gen Xers are saving for retirement, but most are not on track to meet their goals

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Gen X has the highest rate of retirement account accumulation among Americans aged 45-54

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55% of Gen X say they are worried about their ability to retire comfortably

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50% of Gen X respondents have no employer-sponsored retirement plan

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40% of Gen Xers are not confident they will be able to meet their retirement savings goals

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Nearly 60% of Gen Xers have less than $25,000 saved for retirement

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Only about 25% of Gen Xers have a dedicated Roth IRA

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45% of Gen X feel unprepared financially for retirement

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50% of Gen X have had to dip into retirement savings unexpectedly during economic downturns

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Only 15% of Gen Xers have a written retirement plan

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75% of Gen Xers believe Social Security will be their primary retirement income source

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The average annual retirement income for Gen X is estimated at $45,000

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55% of Gen X do not have a decade’s worth of savings to cover expenses in retirement

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Approximately 40% of Gen Xers plan to work in some capacity during retirement to supplement income

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67% of Gen Xers have experienced financial setbacks impacting retirement plans

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55% of Gen Xers worry about running out of money in retirement

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Approximately 65% of Gen Xers have less than $100,000 saved for retirement

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48% of Gen Xers report feeling unprepared for long-term care needs

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Approximately 70% of Gen X consider debt paid off a key milestone before retirement

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The average savings rate for Gen X during their prime earning years was around 10%

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55% of Gen Xers expect to retire with less than $250,000 in savings

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60% of Gen X feel they will need to significantly cut expenses in retirement

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About 40% of Gen X have not increased their retirement savings contributions in the last year

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60% of Gen Xers have experienced job loss or career setbacks affecting their retirement plans

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Only 35% of Gen X actively consults a financial advisor for retirement planning

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40% of Gen X have a goal of saving at least $200,000 for retirement

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70% of Gen X feel they need to increase their retirement savings contributions, but only 30% do so regularly

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15% of Gen Xers have no retirement savings or investments at all

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Sources

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Key Highlights

Approximately 40% of Gen Xers have no retirement savings
The average retirement savings for Gen Xers is around $60,000
55% of Gen Xers are worried they won’t have enough money for retirement
Nearly 60% of Gen Xers expect to work past age 65
About 35% of Gen Xers have delayed retirement plans due to financial insecurity
The median savings for Gen X households is approximately $35,000
70% of Gen Xers are concerned about healthcare costs in retirement
Only about 20% of Gen Xers have a full pension plan
45% of Gen Xers expect to retire later than age 67
65% of Gen Xers have experienced a decline in savings during the pandemic
On average, Gen Xers have $107,000 in total retirement assets
About 50% of Gen Xers have attempted to save more for retirement in the past year
25% of Gen Xers are behind on their retirement savings goals

With nearly half of Generation X feeling unprepared and billions in savings still out of reach, the looming retirement crisis among this vital demographic is more urgent than ever.

Demographics and Retirement Status

The average age of retirement for Gen Xers is projected to be around 66
The median age of retirement for Gen X is projected at 66 years
The projected growth of Gen X retirees over the next decade will increase demand for retirement healthcare, estimated at a 25% rise

Demographics and Retirement Status Interpretation

As Gen X approaches the big 6-6, they'll not only be hitting retirement age but also causing a healthcare boom, making "retirement" a high-stakes game of financial and medical endurance.

Financial Concerns and Market Anxiety

48% of Gen Xers are worried about inflation eating into their retirement savings
The average debt for Gen Xers entering retirement is approximately $20,000, primarily from mortgages and credit card debt
20% of Gen Xers prioritize paying off debt over saving for retirement
30% of Gen X have no retirement plan or emergency fund
50% of Gen X have trouble balancing current expenses and future savings
78% of Gen X believe their retirement will be affected by inflation
Nearly 50% of Gen X are concerned about market volatility affecting their retirement nest egg

Financial Concerns and Market Anxiety Interpretation

With nearly half of Gen Xers worried about inflation and market volatility eroding their retirement dreams, it's clear that for many, the real retirement plan is simply surviving the financial storm—and hoping to avoid sinking into debt along the way.

Financial Preparedness

Only 28% of Gen Xers have adequate emergency savings, complicating retirement planning

Financial Preparedness Interpretation

With only 28% of Gen Xers having sufficient emergency savings, it’s clear they’re navigating retirement planning with one hand tied behind their back, risking more than just their future comfort.

Retirement Planning Expectations and Delays

Nearly 60% of Gen Xers expect to work past age 65
About 35% of Gen Xers have delayed retirement plans due to financial insecurity
45% of Gen Xers expect to retire later than age 67
48% of Gen Xers plan to work after retirement
30% of Gen Xers have indicated they will need to work part-time in retirement
The average age at which Gen Xers expect to retire is 67
40% of Gen X plan to delay retirement due to financial concerns
60% of Gen Xers plan to downsize or move in retirement to reduce living costs
Approximately 52% of Gen Xers will need to work past age 65, according to recent surveys
35% of Gen X plan to delay retirement until at least age 70
60% of Gen X believe they will need to downsize or relocate in retirement
50% of Gen X believe they will need to work into their late 60s or early 70s
55% of Gen X have delayed reaching their retirement savings goals because of economic factors
About 40% of Gen X planners expect to rely heavily on Social Security
32% of Gen X plan to retire after age 70, citing economic insecurity
40% of Gen X retirees expect to rely on family support to cover living expenses
52% of Gen X plan to work part-time or freelance during retirement
The majority of Gen X would prefer to retire between ages 65 and 67 when asked, but many plan to work longer

Retirement Planning Expectations and Delays Interpretation

Despite their preferred retirement age of 65-67, nearly six out of ten Gen Xers are girding themselves for a longer working life, largely due to financial insecurities and economic uncertainties, transforming the traditional concept of retirement into a more flexible, financially cautious journey.

Retirement Saving Goals and Regrets

65% of Gen X regret not saving more earlier in their careers, according to recent surveys

Retirement Saving Goals and Regrets Interpretation

With 65% of Gen X lamenting their missed savings opportunities, it’s a stark reminder that procrastination in financial planning often leaves us clutching empty pockets when retirement finally hits—proving that age may just be a number, but regret is a much louder voice.

Retirement Savings and Financial Preparedness

Approximately 40% of Gen Xers have no retirement savings
The average retirement savings for Gen Xers is around $60,000
55% of Gen Xers are worried they won’t have enough money for retirement
The median savings for Gen X households is approximately $35,000
70% of Gen Xers are concerned about healthcare costs in retirement
Only about 20% of Gen Xers have a full pension plan
65% of Gen Xers have experienced a decline in savings during the pandemic
On average, Gen Xers have $107,000 in total retirement assets
About 50% of Gen Xers have attempted to save more for retirement in the past year
25% of Gen Xers are behind on their retirement savings goals
The number of Gen Xers contributing to retirement accounts increased by 15% in 2023
55% of Gen Xers have less than $50,000 saved for retirement
85% of Gen Xers believe they will need supplemental income to support their retirement lifestyle
Less than 30% of Gen X owns long-term care insurance, which is crucial for retirement planning
40% of Gen X are not confident they will be able to retire comfortably
The proportion of Gen Xers with individual retirement accounts (IRAs) has doubled since 2010
50% of Gen X workers have access to a 401(k) plan through their employer
35% of Gen Xers plan to work in retirement to supplement income
The average contribution rate among Gen Xers with retirement accounts is around 8%
70% of Gen Xers are saving for retirement, but most are not on track to meet their goals
Gen X has the highest rate of retirement account accumulation among Americans aged 45-54
55% of Gen X say they are worried about their ability to retire comfortably
50% of Gen X respondents have no employer-sponsored retirement plan
40% of Gen Xers are not confident they will be able to meet their retirement savings goals
Nearly 60% of Gen Xers have less than $25,000 saved for retirement
Only about 25% of Gen Xers have a dedicated Roth IRA
45% of Gen X feel unprepared financially for retirement
50% of Gen X have had to dip into retirement savings unexpectedly during economic downturns
Only 15% of Gen Xers have a written retirement plan
75% of Gen Xers believe Social Security will be their primary retirement income source
The average annual retirement income for Gen X is estimated at $45,000
55% of Gen X do not have a decade’s worth of savings to cover expenses in retirement
Approximately 40% of Gen Xers plan to work in some capacity during retirement to supplement income
67% of Gen Xers have experienced financial setbacks impacting retirement plans
55% of Gen Xers worry about running out of money in retirement
Approximately 65% of Gen Xers have less than $100,000 saved for retirement
48% of Gen Xers report feeling unprepared for long-term care needs
Approximately 70% of Gen X consider debt paid off a key milestone before retirement
The average savings rate for Gen X during their prime earning years was around 10%
55% of Gen Xers expect to retire with less than $250,000 in savings
60% of Gen X feel they will need to significantly cut expenses in retirement
About 40% of Gen X have not increased their retirement savings contributions in the last year
60% of Gen Xers have experienced job loss or career setbacks affecting their retirement plans
Only 35% of Gen X actively consults a financial advisor for retirement planning
40% of Gen X have a goal of saving at least $200,000 for retirement
70% of Gen X feel they need to increase their retirement savings contributions, but only 30% do so regularly
15% of Gen Xers have no retirement savings or investments at all

Retirement Savings and Financial Preparedness Interpretation

With nearly half of Gen Xers eyeing a retirement fraught with financial uncertainty, it's clear that unless they ramp up their savings faster than they run from their debt, retirement might just become their biggest "what if"—and not in a good way.