Are physicians on track to meet their retirement goals?

Whether it’s because they earn a higher salary or because they have more expenses, physicians’ retirement savings goals tend to be greater than that of the average U.S. worker. 

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However, the majority of physicians are making good progress toward their financial retirement goals, according to a December survey from Medscape.

Across all ages, the average physician surveyed has already saved $3 million for retirement — 77% of the way toward a targeted average of $3.9 million. 

The majority of physicians (68%) expect to make it to their financial retirement goal, while just 8% do not expect to make it. An additional 24% of physicians are unsure if they will meet their goals.   

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