Missing the Target? Retirement Expectations and Target-Date Funds

Respondents leave the labour force 4.8 years later than expected, costing 4% of wealth at retirement.

Byeong-Je An, Kunal Sachdeva

Working paper, 2024

Respondents leave the labour force 4.8 years later than expected, costing 4% of wealth at retirement.

Survey evidence reveals that respondents underestimate their labor force participation by 4.8 years on average. This mismatch leads to a median 4% wealth loss at retirement due to suboptimal asset allocation.

Paper
Cite
@techreport{an2024missing,
  title={Missing the Target? Retirement Expectations and Target-Date Funds},
  author={An, Byeong-Je and Sachdeva, Kunal},
  year={2024},
  type={SSRN Working Paper},
  institution={Social Science Research Network},
  number={4763984},
  doi={10.2139/ssrn.4763984}
}

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