The study also found that those approaching retirement focus less on retiring at a certain age than on reaching a certain amount of assets, usually between $1 million and $2.9 million. Some 45 percent of respondents say they are aiming for a nest egg of between $1 million and $3 million, while 20 percent say they feel comfortable with savings of $3 million to $5 million. The bulk of retirement savings, UBS said, is in liquid assets, IRAs and 401(k)s.

Respondents were also concerned about non-economic issues in retirement. For example, 89 percent of respondents said they are confident they will have saved enough, but are concerned about the emotional side of retirement. These include leaving colleagues, filling their hours and finding a purpose.
 

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