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National Retirement Risk Index

Planning for Retirement: The Importance of Workplace Retirement Plans and Guaranteed Lifetime Income

Originally published December 2014

Every three years, the Center for Retirement Research (CRR) conducts an official update of its National Retirement Risk Index (NRRI), which measures Americans’ retirement preparedness. The NRRI is constructed using data from the Federal Reserve’s Survey of Consumer Finances. The Index results from comparing households’ projected replacement rates – retirement income as a percentage of pre-retirement income – with target rates that would allow them to maintain their living standard.

This update analyzed not only the overall NRRI results, but also compared results for households with a defined benefit (DB) plan, households with only a defined contribution (DC) plan, and households without either type of plan. 

The NRRI update indicates that the percentage of households at risk of being unable to maintain their pre-retirement standard of living has improved slightly to 52 percent, from 53 percent three years earlier.

Prudential is the exclusive sponsor of the National Retirement Risk Index.




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