"A strong majority (64%) of workers envision a phased transition into retirement during which they will continue working, reduce hours with more leisure time to enjoy life, or work in a different capacity that is less demanding and/or brings greater personal satisfaction. Only 22% expect to immediately stop working when they retire. Baby Boomers, Generation X, and Millennials share similar expectations," according to a 2014 Transamerica retirement readiness survey
Collinson, C. (2014). The retirement readiness of three unique generations: Baby boomers, generation X, and millennials. US: Transamerica Center for Retirement Studies. Retrieved from www.transamericacenter.org.