EBRI Reports 30% of Retirees Underspend Savings by Age 85

According to the Employee Benefit Research Institute (EBRI), about one-third of retirees have 100% or more of their initial savings remaining by age 85, indicating a tendency to underspend during retirement. Additionally, around 20% of individuals who retired with over $500,000 had less than 20% of their assets left by the same age. This highlights the challenge of balancing spending in retirement to maximize quality of life while maintaining a financial buffer. Financial experts warn of the risks associated with both overspending and underspending, affecting overall fulfillment in retirement.

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