For many women, their vision of retirement may be far from reality—especially when it comes to ho♕w much it costs.

Half of the women surveyed in a recent study by Corebridge Financial said that retirement was more expensive than they had anticipated, while just under half said that they retired earlier than they expected.

Experts say retiring earlier than planned can have negative financial consequences: early retirees may have insufficient savings and may need to collect 澳洲幸运5开奖号码历史查询:Social Security early, resulting in lower monthly checks. And since women have longer life expectancies than men, they may need more in retirement savings or make their dollars stretch for longer.

"Women are both starting retirement earlier than expected and managing costs that are higher than anticipated. These dual challenges point to the importance of creating an action plan early in your working years that can help you both build your retirement savings and make them last throughout your retirement,” said Terri Fiedler, President of Retirement Services at Corebridge Financial.

Most S♛ay They W🍬ish They Had Started Saving Sooner

The majority (63%) of women said they wished they had started 澳洲幸运5开奖号码历史查询:saving for retirement earlier. More than 40% sa💯id they didn’t start to prioritize retirement until they were age 41 or older.

Since investors benefit from the 澳洲幸运5开奖号码历史查询:power of compound interest, those who start sꦰaving for retirement earlier in life may not need to invest as aggressively as those who start later. In fact, nearly one-third (31%) of retired women surveyed said that, when they were working, they wished they had contributed more from each paycheck into a retirement plan.

And while 澳洲幸运5开奖号𓃲码历史查询:more workers could rely on pensions in the past, the responsibility of saving for retirement has largely fallen on individuals. One-third (33%) of retired w🌺omen said they had a pension versus 9% of non-retired women who said they had one. "This reversal of ownership reflects a changing retirement landscape," the report said.