Where Will Your Retirement Income Come From?

If you’re like most people, your retirement income will come from three sources:

  1. Social Security
  2. Employer sponsored retirement programs
  3. Savings and investments


  • You can begin collecting Social Security at age 62, but you’ll receive more money if you start taking the benefits when you reach your full retirement age.
  • You can begin collecting 100% of your Social Security benefits when you reach your full retirement age.
Year of Birth Full Retirement Age
1943 - 1954 66 years​
1955​ 66 years + 2 months ​
1956 - 1959  66 years + 2 months for each year after (e.g., if you were born in 1957, your full retirement age is 66 and 6 months) ​
1960 and after​ 67 years ​


For most of us, our primary source of retirement income will be what we saved in our 401(k), 403(b) or 457 plans.


The final portion of your retirement income will come from your personal savings and investments such as:

  • Individual Retirement Arrangements (IRAs)
  • Mutual funds
  • Stocks
  • Bonds
  • Annuities
  • Insurance cash values

Probably none of these alone will provide the standard of living you want during retirement. But some combination can provide you with secure, steady income. Talk to your advisor about creating a comprehensive retirement income plan.

No one product is suitable for all investors, nor is one product suitable for an investment strategy. Investors should consider their personal investment horizon and income tax brackets, both current and anticipated, when making investment choices.