Wednesday, April 05, 2017

Expected Age of Retirement

More than one-third of American workers do not expect to retire until age 70 or later, according to the 2017 Retirement Confidence Survey. Only 4 percent of current retirees worked that long.

Expected age of retirement for workers (and actual age of retirement for retirees)
Under age 60:    9% (39%)
Aged 60 to 64: 17% (37%)
Aged 65 to 69: 37% (19%)
Aged 70-plus:  38% (  4%)

Source: Employee Benefit Research Institute, 2017 Retirement Confidence Survey

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