Retirement Readiness Index

The Retirement Readiness Index measures how well a person or household is prepared financially for retirement. It considers factors like savings, income sources, and expenses to assess whether you’re on track to maintain your desired lifestyle after stopping work. A higher score indicates better preparation, meaning you're more likely to meet your retirement goals, while a lower score suggests potential gaps that may require saving more or adjusting plans. Essentially, it provides a snapshot of your retirement confidence and helps you identify areas needing improvement to ensure financial security in later years.