Core Insights - Recent retirees are experiencing significant disparities in financial stability, with some having substantial retirement savings while others have little to none [2][5] Wealth Distribution Hypothetical - If the total U.S. wealth of $160.35 trillion were evenly distributed among approximately 340.11 million people, each individual would receive around $471,465 [4] - This hypothetical scenario would provide a financial boost to new retirees, impacting their financial situation at the start of retirement [4][5] Financial Implications for New Retirees - A retiree with no savings would need to withdraw $2,846 monthly from their newfound wealth after accounting for Social Security benefits, leading to an annual withdrawal of $34,152, which would last approximately 13.8 years [6][7] - A retiree with $500,000 in savings would see their net worth nearly double to $971,465, but would still need to withdraw the same annual amount for living expenses [8]