Five years or less from retirement?

Find out how Social Security, health care costs and other issues may impact your retirement plans.

IRA Information Kit

Our IRA kit includes the forms and information you need to get started.

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Invest In Your Future

Learn more about how the PNC Funds can provide depth and discipline to your portfolio of investments.

Can you afford the future?

Many people hope to steadily improve their financial prospects every year, so that one day they can afford to buy that beachfront home, take a luxury vacation or pursue a hobby full time. However, the future may cost more than you think.

To enjoy "the good life" when you're retired, you'll definitely need substantial savings. In fact, you'll actually need a lot of money simply to afford the everyday basics. Count on needing as much as 80%-90% of your current annual income each year, or nearly the full salary you earned while working.

How will you pay for retirement?

The money you may receive from Social Security each year will replace only a portion of what you'll need in retirement. Today's retirees, for example, receive only $543.51* on average each month from Social Security. In the past, Social Security and company pension plans were expected to fund an individual's retirement. But as the retirement income gap grows larger, it is unlikely that these income sources will be enough for a comfortable retirement.

Survey of retirement income sources

The graphs below illustrates that while only 50% of current retirees utilize their personal savings for retirement income, 56% of current workers anticipate personal savings to play a role during retirement. 77% of workers expect to receive retirement income from an employer-sponsored retirement savings plan, while only 37% of those already retired actually receive income from such a source. A whopping 91% of today's retirees say they derive some of their income from Social Security, as opposed to only 84% of current workers who expect to rely on this source. However, the scariest numbers are the ones indicating that 76% of current workers expect to be employed during retirement, as opposed to only 25% of retirees who are currently employed.

Traditionally, Social Security and company pension plans were primarily depended on to fund an individual's retirement. As the retirement income gap grows larger, however, the current belief is that these established retirement income sources will no longer play as prominent a role. Personal savings, as well as employment during retirement, are expected to play a much larger role funding future retirement needs.

Personal Savings Expected to Play a Larger Role in Retirement

Survey of Retirement Income Sources

Source: Employee Benefit Research Institute and Greenwald & Associates, 2016 Retirement Confidence Survey. All Rights Reserved.

If you're currently contributing to your workplace retirement plan, you've made a good start. But that's just one part of a complete savings plan. Today's investor may require a mix of income sources to ensure a financially secure retirement. One of the most important components of that mix is an IRA.

PNC Funds offers a variety of IRA solutions. Our Traditional, Roth and Rollover IRAs allow you to choose from our family of 25 mutual funds with a wide range of style categories, including domestic and international equities, taxable and tax-exempt fixed income, multi-asset and money market funds.

*U.S. Social Security Administration, Supplemental Security Record as of March 2017,

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Select a Fund to view the most recent month-end performance information or go to each Fund's snapshot page to view most recent month-end performance as well as any waiver or expense reimbursement information.

The information contained in this piece should not be considered legal or tax advice; questions regarding your specific situation should be directed to your legal or tax advisor.


You should consider the investment objectives, risks, charges, and expenses of the PNC Funds carefully before investing. A prospectus or summary prospectus with this and other information may be obtained at 800-622-FUND (3863) or Please read it carefully before investing.

PNC Capital Advisors, LLC, a subsidiary of The PNC Financial Services Group Inc., serves as investment adviser and co-administrator to PNC Funds and receives fees for its services. PNC Funds are distributed by PNC Funds Distributor, LLC, which is not affiliated with the adviser and is not a bank.

This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the PNC Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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