SURVEY SAYS: Have you measured your retirement readiness?

The vast majority of responding readers (92.2%) said they have used a retirement planning tool to measure their own retirement readiness, while the other 7.8% have not.  

The good news is two-thirds of those who responded said they are either ahead in the game (22%) or right on track to reach their retirement savings goals (44%). Twenty-two percent indicated they are behind but catching up is realistic, and 12% are so far behind they may never be able to retire.  

Among “other” responses, one reader said he or she didn’t need a tool to know his or her own retirement readiness. Others said they used multiple tools and got different results. Still others said they are ready if certain circumstances do or don’t happen.  

In the verbatim responses, several respondents indicated they have been hypocritical in touting the tools, but not using one themselves, with one reader responding, "I am a classic example of do what I say, not what I do."