Planning to work in retirement? Don't count on it.

Key Points:

• A 2026 survey by the Employee Benefit Research Institute (EBRI) shows that while about 75% of American workers plan to work for pay after retirement, only 31% of retirees actually do so, highlighting a consistent gap between expectations and reality.
• Many workers envision a gradual transition into retirement with part-time or consulting roles, but most retire unexpectedly due to health or job loss, making it difficult to continue working or find new employment later in life.
• Financial concerns drive the desire to work in retirement, as nearly 40% of workers lack confidence in their retirement security, and paid work ranks as a significant expected income source after Social Security and savings.
• Challenges to working in retirement include limited part-time opportunities in professional fields and age-related difficulties in securing new jobs, leading many retirees to stop working despite initial plans.
• Some retirees return to work out of necessity to supplement income amid economic uncertainties, while others seek engagement and purpose, reflecting varied motivations behind post-retirement employment.