Fidelity Investments’ 2026 State of Retirement Planning Study reveals that 72% of Americans expect to retire on their own terms, up 5 percentage points year-over-year, as more people embrace flexible, non-traditional approaches to leaving the workforce. Nearly 70% are considering alternative retirement paths, with 61% intending to transition gradually rather than make an abrupt exit. Popular options include gig work or side hustles (35%), starting small businesses (29%), and part-time consulting (26%).
Despite persistent economic pressures, including inflation concerns cited by 36% of respondents and monthly bill management challenges for 35%, retirement confidence has improved. Americans continue averaging $9,000 in annual 401(k) contributions, with 88% capturing employer matching. Healthcare costs remain a key concern, with estimated retirement healthcare expenses reaching approximately $172,500 per individual. Among those not planning for retirement, 52% cite affordability constraints as the primary barrier.