Related: Dave Ramsey Sounds the Alarm on 401(K)S and What So Many Americans Miss
Currently, the retirement age for anyone born after 1960 is 67 years old. The average American lifespan is 79 years old, with women living a little longer at just over 81, while men live a little shorter at just over 76. Many people, however, are living well into their 90s. This is especially important, given that the executive order targets young Americans with the potential to live much longer, as science and medical advances help extend our healthy golden years.
What Retirement Will Look Like
If the average Gen Z worker has a retirement age of 69 (a realistic projection given the economy they’re inheriting) and a lifespan of 85, they’ll need that IRA to last at least 16 years. Many of them will live longer, stretching it out over 20-30 years.
Another barrier to collecting this payout is the need for workers to invest their own funds. In November 2025, the U.S. Labor Market reported that 9.3 million Americans were working at least two jobs to make ends meet, with at least half of those workers having a college degree. That’s the highest percentage, roughly 5.7% of the population, working more than one job since we began tracking numbers in 1994. Many people working today simply don’t have the extra money to put into a private Trump IRA.
Will You Be Rich?
So while the President claims that investing in his namesake IRA will make young workers “rich,” that simply isn’t the case. Investing now is a good idea, but it’s best to spread it across multiple areas to ensure a comfortable retirement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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