60% of Americans worry about outliving retirement funds, but employer-sponsored defined-contribution plans lower risk: Morningstar Model.

A new Morningstar Model of US Retirement Outcomes shows that 60% of Americans worry about outliving their retirement funds, but participating in an employer-sponsored defined-contribution plan significantly lowers the risk of retirement shortfalls. The model incorporates individual characteristics, healthcare costs, and projected longevity to assess retirement income sufficiency.