Based on data from AMA Insurance, a subsidiary of the American Medical Association, and recent Gallup poll results on the average age of retirement in the U.S., physicians appear to retire later than most U.S. workers, which FiPhysician suggests may be related to their net worth.
Net worth of physicians:
Physicians age 45-49:
50 percent — less than $1 million
47 percent — $1 million to $5 million
3 percent — over $5 million
Physicians age 50-54:
39 percent — less than $1 million
55 percent — $1 million to $5 million
6 percent — over $5 million
Physicians 55-59:
29 percent — less than $1 million
60 percent — $1 million to $5 million
11 percent — over $5 million
Physicians 60-64:
25 percent — less than $1 million
60 percent — $1 million to $5 million
15 percent — over $5 million
Physicians 65-69:
24 percent — less than $1 million
59 percent — $1 million to $5 million
17 percent — over $5 million
Physicians 70+:
25 percent — less than $1 million
54 percent — $1 million to $5 million
22 percent — over $5 million
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.