The four main sources of retirement income

Once you’ve retired, your income will probably come from one or more of four sources:

  • Pensions - Did you know only 15% of private sector non-union employees are covered by a pension1
  • Personal savings – Think about how much you’ll need to save in order to live the retirement you imagine
  • Employer retirement plan - These plans, like your 401(k), 457 or 403(b), are quickly becoming the largest form of retirement income
  • Social Security - According to the Social Security Administration, Social Security benefits typically account for (at most) 40% of what you earn now2

Use My Interactive Retirement PlannerSM to see if your retirement income will be enough.


2 Better Information on Income Replacement Rates Needed to Help Workers Plan for Retirement, Government Accountability Office (March 2016); Understanding The Benefits, Social Security Administration (July 2017). Calculated as amount of pre-retirement income GAO says an average person needs in retirement less the amount of income SSA says Social Security replaces, on average.