Page 21 - How Australia Retires

20 Vanguard | How Australia Retires

Figure 6. Retirement confidence by level of retirement planning

Net: Extremely/Very Confident 60% 26% 10%
Net: Slightly/Not at all 7% 25% 56%

3% 2%
8%
21%
23%
34%
Overall, across all respondents
39% surveyed, those who have a
detailed retirement plan (formal or
49%
26% informal) are 6 times as confident
about retirement than those
without a plan, with 21% stating
34% they are extremely confident
20% 30% and 39% stating they are very
confident.
5% 2% 4%
Well planned Moderately planned No plan Conversely, those without a
plan feel much less confident
Extremely confident Positive significant di€erence about retiring and how they
compared to the total
Very confident will financially prepare for the
retirement lifestyle they desire,
Moderately confident Negative significant di€erence
compared to the total with 30% stating they are not at
Slightly confident all confident. Only 2% stated they
Not at all confident are very confident.

Note: Percentages within a metric may not add up to 100 due to rounding.