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.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.