Individuals looking forward to retirement must determine what sort of lifestyle will make them happy and how much money they will need to support it. They must then take steps to ensure that they will have enough money to support this lifestyle. An A G SunAmerica study found that satisfaction is positively related to the number of years individuals save for retirement. More than 60 percent of those who saved for twenty-five years or more reported being extremely satisfied with their retirement. Just over half of those who saved for fifteen to twenty-four years were extremely satisfied, and only 46 percent of those who saved for less than fifteen years were extremely satisfied.
Note: Check out excerpts from the book 1001 Ways to Enjoy Your Retirement: