Young millionaires are very different from their older compatriots, according to a new survey released Wednesday from BMO Private Bank. BMO asked 483 Americans with at least $1 million in investable assets about the age at which they plan to retire from their primary line of work. Of the 56 respondents aged 18 to 39, more than half - 58 percent - said they had already left a field of work. And another 15 percent of them expected to do so by age 40.
The older generation, on the other hand, was very different. Less than 1 percent of the millionaires over 40 had left their primary career behind by the age of 40.
But leaving a career didn't necessarily mean stopping work entirely. Some 21 percent of the millionaires said they would continue to work part time after they retired, and another 21 percent said they planned to start a new career.
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