We talk a lot about preparing financially for retirement, but there's some good news in the University of Michigan's recent Health and Retirement Study that should help ease a lot of worries. According to the survey, about 56 percent of retirees say they are very satisfied with retirement. Another 34 percent say they are satisfied, while only 9 percent say they aren’t at all satisfied.
On top of that, retirees also tend to become increasingly happy as they age in retirement. In the most recent survey, 21 percent of retirees aged 60 reported that they were not satisfied at all with retirement, as opposed to only 3 percent of retirees aged 90.
Not surprisingly, retirement happiness increased with wealth, income, and education level. But the most important driver of retirement satisfaction was self-assessed health status.