Average Retirement Income in the United States
Comprehensive data on what Americans actually earn in retirement, broken down by income source, age group, and household composition. Essential benchmarks for retirement planning.
$52,000
Average Annual Income (65+)
$31,742
Median Annual Income (65+)
90%
Receive Social Security
33%
Receive Pension Income
Retirement Income by Source
| Income Source | Average | Median | % Receiving |
|---|---|---|---|
| Social Security | $21,756 | $19,370 | 90% |
| Pension/Annuity | $24,500 | $18,000 | 33% |
| Investment Income | $12,800 | $3,500 | 58% |
| Employment Income | $32,000 | $18,500 | 26% |
| Total Average | $52,000 | $31,742 | 100% |
Source: U.S. Census Bureau, Social Security Administration, Federal Reserve Survey of Consumer Finances
Average Retirement Income by Age
Age 65-69
$58,500
Median: $35,000
Age 70-74
$52,000
Median: $32,500
Age 75-79
$45,000
Median: $28,500
Age 80+
$38,000
Median: $24,000
Advisor Insight
"The significant gap between average and median retirement income highlights the importance of diversified income sources. Those relying solely on Social Security often struggle, while retirees with pensions, investments, and Social Security enjoy greater financial security."
, Brett Henderson, Fiduciary Financial Advisor
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