In August 2022, tennis player Serena Williams announced her plans to retire from tennis at age 40. Retirement, Williams wrote in Vogue, was a word she never liked or believed felt modern.
“Maybe the best word to describe what I’m up to is evolution,” Williams wrote. “I’m here to tell you that I’m evolving away from tennis, toward other things that are important to me.”
Williams is a millennial and part of the generation that now has an evolving vision of retirement, according to Schwab’s Retirement Reimagined Study. The study used advanced predictive modeling techniques to forecast key differences in how millennials, Gen Z and boomers approach saving for and living in retirement.
