That number far outpaces a June 2023 survey from Northwestern Mutual showing that most Amreicans estimate needing $1.3 million.
The average physician surveyed by Medscape currently has $3 million in savings, showing that the majority of physicians are well on their way to being able to afford retirement.
Most physicians (48%) do not plan to begin withdrawing from their Social Security benefits until they turn 70. Additionally, 28% of physicians plan to downsize their homes post-retirement to save money.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
