This study aimed to determine the domains of financial literacy and self-efficacy that significantly predict retirement preparedness. The respondents of this study were teaching and non-teaching employees of an academic institution. A non-experimental quantitative research design with a descriptive correlational approach was employed. Also, the sample size was determined using the Raosoft formula, and participants were selected through simple random sampling. Data analysis involved using Mean, Pearson-r correlation, and Regression Analysis. The results revealed that the respondents had a high level of financial literacy and a very high level of self-efficacy. Similarly, the respondents had a very high level of retirement preparedness. Moreover, the study showed a significant relationship between financial literacy, retirement preparedness, self-efficacy and retirement preparedness. Further, three domains of financial literacy, financial skills, financial goals, and financial behaviour significantly influence retirement preparedness. Furthermore, all domains of self-efficacy significantly influence retirement preparedness. The result of this study supports the Prospect Theory, Social Cognitive Theory, and the Life-Cycle Theory. Thus, the study results suggest that management can improve current university programs, like membership in the cooperative, and foster greater awareness of government programs, like the Pag-IBIG MP2 savings program. Lastly, employees can support these opportunities to save and invest collectively.