Satisfaction and increased savings are essential to comprehensively review retirement planning. While satisfaction is a subjective measure, looking only at the absolute size of one’s nest egg can be misleading as money spent, for example, on real estate can be well invested and contribute to overall retirement satisfaction. “It hints at whether people were able to spread their savings over their life course and are content with their wealth at the time of asking,” says Nies.
The study Why Saving on a Regular Basis May be Wise looked at data from more than 1500 affluent Americans between the age of 50 and 69 with investable assets of more than $250,000. Respondents indicated their satisfaction with their saving approaches on a scale from one (very satisfied) to five (very dissatisfied). The data was gathered by Allianz Global Investors and TNS Infratest in 2010.