Retirement Anxiety Can Make Americans Sick. Here’s Why You Shouldn’t Stress

By Jordyn Bradley
7/17/25 

Key Takeaways

• More than 80% of American savers say they are concerned about retirement, and many worry they won't have enough for a "comfortable" retirement.
• Roughly six of 10 retirement savers said they are concerned their financial stress will negatively impact their health. Studies say the anxiety can lead to headaches, a weakened immune system, and other ailments.
• Financial advisors say savers should consider their situation, make a plan that's right for them, and stick to it to relieve stresses.
  
  
  
  

More than 80% of American savers say they are concerned about retirement, with many reporting feeling physically troubled by financial stress. 

Americans participating in their company’s retirement plan said the sweet spot for retirement savings is about $1.3 million in a new survey by global investment manager Schroders.1 However, nearly half expect to have less than $500,000 in savings at retirement. 

As a result, 56% of employer-sponsored retirement plan participants said they are concerned their financial stress will negatively impact their health, and more than half said they worry about money for at least an hour each day.

“It’s evident that saving for retirement is one of many obligations that’s overwhelming Americans,” said Deb Boyden, head of U.S. defined contribution at Schroders.

Worrying about retirement and other financial stressors can lead to headaches, a weakened immune system, high blood pressure, and trouble sleeping, among other physical effects, according to health insurance provider CareFirst.2 Plus, nearly 70% of Americans report that financial uncertainty has made them feel depressed and anxious, according to a Northwestern Mutual study published in June.3

“It can feel extremely overwhelming when headlines suggest you need a massive nest egg for a comfortable retirement,” said Kourtney Gibson, CEO of retirement solutions at TIAA. “These large figures often don't account for individual circumstances and can create unnecessary anxiety.”

Boyden says the $1.3 million marker might be higher than what many would consider sufficient for a comfortable retirement.

“There is no one-size-fits-all retirement savings number,” Boyden said. “Part of planning for retirement includes an assessment to account for your individual needs and goals in retirement.”

Boyden said it’s important for savers to remember that retirement planning is a marathon, not a sprint, no matter how close or far that target date is.

She said incremental changes to your savings rate, making sure your money in your account is left untouched, and starting to save as soon as possible are all things to keep in mind to push you closer to financial security.