September 05, 2025
Mini Retirements Gain Momentum as U.S. Workers Redesign Life Plans
The traditional idea of retirement is giving way to a more flexible rhythm of life. HSBC’s Quality of Life: Affluent Investor Snapshot reveals a growing trend of “multi retirements,” intentional breaks from work that allow people to realign their priorities, pursue passions, or even reinvent themselves.
In the United States, more than a third of respondents (37%) say they plan to take at least one mini retirement, with most envisioning a pause of six to twelve months. The average ideal age for the first break is 46, suggesting that many see these intervals as a mid-career opportunity rather than a traditional end-of-career milestone. Across generations, the aspiration is strong: Gen X and Millennials expect to take about three mini retirements during their lives, with Gen Z and Baby Boomers not far behind at just under three.
“Wealth is about freedom, choice, and purposeful living,” says HSBC U.S. Head of International Wealth and Private Banking Racquel Oden. “Multi retirements are offering individuals the ability to start a business, help their community, pursue passions, and make a lasting impact on the world around them. This journey requires careful planning, saving and budgeting to achieve these long-term objectives.”
Financial planning plays a central role in making these breaks possible. As many as 40% of U.S. respondents intend to spend less than $100,000 during a mini retirement, relying primarily on personal savings, investment income, and part-time or freelance work. On average, participants say they would want to save approximately $530,000 before embarking on such a pause, highlighting both the seriousness of their intentions and the level of preparation required.
Is it Paying Off?
Most (87%) of those who have taken mini retirements report that the experience improved their overall quality of life. In the U.S., younger generations are leading the way in preparation and confidence. Gen Z stands out as the most confident cohort, with 77% saying they feel ready to plan and manage a mini retirement, from assessing financial resources to preparing for re-entry into the workforce. Millennials follow closely at 76%, while 74% of Baby Boomers and 70% of Gen X also express confidence in their ability to manage the transition.
Despite the optimism, challenges remain. Financial security remains the top concern among U.S. respondents, cited by nearly four in ten. Family obligations are the second most common barrier, followed by anxiety about returning to work after an extended break. These concerns underscore the importance of clear financial strategies and career planning when considering multiple retirements.
Motivations for mini retirements vary across generations, reflecting different life stages and priorities. Gen Z views these breaks as opportunities for personal growth, lifelong learning, and the pursuit of passions. Millennials are motivated by the desire to spend more time with their families. Gen X emphasises travel and the freedom to explore without constraints, while Baby Boomers focus on maintaining and improving personal wellbeing.
In addition, another report notes that many employees are embracing ‘quiet vacations,’ with 41% admitting to already taking one in 2025 and another 39% planning to do so before summer ends.
