(BPT) - Approximately 11,200 Americans turn 65 each day, with most stepping into a new life of retirement. It’s a time to be free of financial stress, but that means planning ahead. A new survey from American Century Investments found most adults want to continue the lifestyle they have now, but nearly all are at least a little worried about financing retirement.

American Century Investments VP Glenn Dial says one way to ensure retirement freedom is to turn savings into an income replacement plan, protecting from market volatility and making money last for the rest of their lives. Income replacement is a popular idea; three out of five people surveyed say they would be very interested in using a portion of their retirement plans to generate guaranteed lifetime income.

Dial suggests future retirees do their homework to determine if they’re saving enough for the future. Even small savings can make a difference. A retirement income plan can be done independently or with an advisor.