Naturally, professionals of different generations hold varying views on retirement savings goals and the ideal age to leave the workforce for good. Only one-third of respondents report feeling "very likely" to achieve their retirement savings goal — with Gen Z emerging as the most optimistic group. Schwab's survey reveals that the average expected retirement age in 2025 is 66 years old, but those averages vary within each generational group: Gen Z expects to retire at age 62, Millennials at age 65, Gen X at age 66 and Boomers at age 69. Additionally, respondents, on average, expect those retirement savings to last for 22 years compared with 23 years in 2024. "It's encouraging to see that most savers are prioritizing consistency in terms of their contribution rates and are largely avoiding dipping into their retirement savings — a positive sign that they are focused on their futures."