%0 Book Section %B Forecasting Retirement Needs and Retirement Wealth %D 2000 %T Early Retirement Windows %A Charles Brown %E Olivia S. Mitchell %E Hammond, B. %E Rappaport, A. %K Net Worth and Assets %K Retirement Planning and Satisfaction %B Forecasting Retirement Needs and Retirement Wealth %I Univ. of Pennsylvania Press %C Philadelphia %P 253-273 %G eng %U https://pensionresearchcouncil.wharton.upenn.edu/publications/books/forecasting-retirement-needs-and-retirement-wealth/ %4 Retirement/Early out Windows/Wealth/Retirement Planning %$ 8422 %! Early Retirement Windows %& 9 %0 Book Section %B Forecasting Retirement Needs and Retirement Wealth %D 2000 %T Evaluating Pension Entitlements %A Alan L Gustman %A Olivia S. Mitchell %A Andrew A. Samwick %A Thomas L. Steinmeier %E Olivia S. Mitchell %E Hammond, B. %E Rappaport, A. %K Net Worth and Assets %K Pensions %K Public Policy %B Forecasting Retirement Needs and Retirement Wealth %I University of Pennsylvania Press %C Philadelphia %P 309-326 %G eng %U https://pensionresearchcouncil.wharton.upenn.edu/publications/books/forecasting-retirement-needs-and-retirement-wealth/ %4 Pensions/Entitlements/Wealth %$ 8140 %+ The Wharton School, University of Pennsylvania %& 12 %0 Book Section %B Forecasting Retirement Needs and Retirement Wealth %D 2000 %T New Paths to Retirement %A Joseph F. Quinn %E Olivia S. Mitchell %E Hammond, B. %E Rappaport, A. %K Consumption and Savings %K Employment and Labor Force %K Net Worth and Assets %K Retirement Planning and Satisfaction %B Forecasting Retirement Needs and Retirement Wealth %I Univ. of Pennsylvania Press %C Philadelphia %P 13-32 %G eng %U https://pensionresearchcouncil.wharton.upenn.edu/publications/books/forecasting-retirement-needs-and-retirement-wealth/ %4 Economics of the Elderly/Retirement/Retirement Wealth/Retirement Policies/Labor Force/Employment %$ 8416 %! New Paths to Retirement %0 Book Section %B Forecasting Retirement Needs and Retirement Wealth %D 2000 %T Projected Retirement Wealth and Saving Adequacy in the Health and Retirement Study %A James Moore %A Olivia S. Mitchell %E Olivia S. Mitchell %E Hammond, B. %E Rappaport, A. %K Consumption and Savings %K Net Worth and Assets %X In the future it is likely that retirees will have to take on more of the burden of ensuring their own well-being then is now the case. This is because of the growing population over the age of 65 that is causing the social security surplus to wither away and the ongoing trend toward defined contribution retirement plans rather then defined benefit plans. However, household savings rates have plunged over the last half-century and this causes one to wonder how people will maintain their current consumption levels when retired. The authors use the first wave (1992) of the Health and Retirement Study in order to illustrate a life cycle model of savings. These researchers also look at initial and projected wealth, savings needs, replacement rates, and income. They find that the median current wealth of older households is 325,000, including retirement plans and assets, and they feel that at retirement the median wealth will be 380,000. At the same time though the median older household will need a savings rate of 16 in order to maintain current consumption levels in retirement. %B Forecasting Retirement Needs and Retirement Wealth %I Univ. of Pennsylvania Press %C Philadelphia %P 68-94 %G eng %U https://pensionresearchcouncil.wharton.upenn.edu/publications/books/forecasting-retirement-needs-and-retirement-wealth/ %4 Wealth/Saving/Retirement Wealth %$ 8150 %+ HRS: 1992 %& 3