How much money do doctors typically save for retirement?

Physicians target an average of $4 million for retirement, with many already meeting or nearing this goal. Average savings reported are $2.2 million for women and $3.4 million for men.

Why are doctors retiring earlier than expected?

Burnout is a major factor driving physicians to retire early, despite their often substantial retirement savings.

What is the average age of a doctor in 2025?

As of 2025, the average age of a physician is approximately 54.4 years old, significantly older than the average American worker.

Home / Business and Economy / Doctors' Retirement Savings Soar Amidst Financial Worries

Doctors' Retirement Savings Soar Amidst Financial Worries

14 Dec

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Summary

Physicians target $4 million for retirement, often exceeding savings.
Female physicians save $2.2M, males $3.4M on average.
Burnout is causing doctors to retire earlier than expected.

Doctors' Retirement Savings Soar Amidst Financial Worries

Financial anxieties are mounting for many nearing retirement age, yet physicians are notably bucking this trend by aggressively saving for their future. Reports indicate that many doctors aim for a retirement fund of $4 million, with a significant portion already reaching or nearing this goal. This contrasts sharply with the lower savings observed in the general Baby Boomer population, highlighting the substantial earning potential within the medical field.

While male physicians report average savings of $3.4 million and female physicians $2.2 million, these figures can vary by specialty. Despite their financial preparedness, a growing number of physicians are choosing to retire earlier. This trend is largely attributed to escalating rates of burnout, a phenomenon that is pushing even highly compensated professionals to leave their demanding careers sooner than planned.