Nearly 20% of American women with more than $1 million in assets say they have no intention of retiring, significantly ahead of their male counterparts, according to new research exclusively shared with Fortune.
The Goldman Sachs survey, which included more than 1,000 U.S. high-net-worth investors, found 18% of women—with an average age of over 60—have no plans to retire. The same can be said for only 11% of men.
The report, titled Opening the Door to Alternatives, found that women had three main investment goals: Maintaining their spending came first, with 48% of women saying this was a motivation, followed by 47% of women saying they want to preserve their wealth.
A further 44% said their investment strategy included planning for a comfortable retirement, with women on average saving 17% of their income each month. Of the female respondents Goldman spoke to, their average income was a little under $550,000 a year.
As well as unpacking women’s financial goals, the report also explored how their investment strategies differ from those of their male counterparts. While female investors showed a preference toward equities (40%) in their portfolio, that wasn’t as high as their male counterparts, who allocated 45% to equities.
