Around half of cardiologists hope to retire from medicine in their 60s, according to Medscape’s “Anticipating the Next Stage After Medicine: Medscape Cardiologists and Retirement Report 2025.”
Here are seven more notes about cardiologist’s retirement plans and trends:
- Less than 10% of cardiologists hope to retire in the 40s or 50s, with another 24% aiming to retire in their 70s.
- Still having more to contribute as a physician was the top reason cardiologists gave for wanting to stay in medicine until at least their mid-60s.
- Cardiologists have a target of $4.7 million in savings before retiring, higher than the $4.15 million average retirement goal for physicians in general.
- More than 60% of cardiologists are confident in their ability to reach $4.7 million saved by retirement.
- The cardiologists surveyed have an average of $2.5 million saved for retirement at the time of the survey, nearly $1 million more than the average physician.
- More than three-quarters of cardiologists are at least somewhat confident that their retirement savings would outlast their family’s spending.
- Traveling, leisure activities and dining out are the three most common ways cardiologists anticipate spending more money and time in retirement.
Medscape surveyed 7,322 full-time U.S. practicing physicians across more than 29 specialties between Oct. 3, 2024 and Jan. 15, 2025 for the report.
