Risks in relying only on
Social Security, Pension Plans and 401(k) 

Social Security

• Americans receive an average of ~$1500/month at retirement

• After 2037, Social Security will only be able to payout about 76% of benefits unless there are changes made to current laws (FY2024)

Pension Plans

• Only about 15% of private American companies offer pension plans (FY2022)

401(k)

• The median 401(k) value at 64+ years is about $70,000. After taxes, you're left with roughly $35,000; that's about $580/month for only 5 years into retirement.

• 401(k) was originally designed to be supplemental to other retirement plans; it was not intended to be a complete retirement package.