5 Statistics on Average Retirement Savings of Physicians

Nearly a third of physicians have between $1 million and $3 million in their retirement savings, according to 2013 Report on U.S. Physicians' Financial Preparedness, by AMA Insurance.

The survey, conducted in December 2012, includes responses from 2,365 physicians.

The average retirement savings of physicians, according to the survey are:

•    Under $100,000 — 17 percent
•    $100,000 to $500,000 — 24 percent
•    $500,000 to $1 million — 21 percent
•    $1 million to $3 million — 27 percent
•    More than $3 million — 11 percent

More Articles on Practice Management:

28% of Orthopedic Surgeons Currently, Plan to Participate in ACOs
10 Ways to Improve Collections at Medical Practices
7 Ways to Earn Respect, Rather Than Demand It

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars