A look at the labor force participation of older men by single year of age reveals the exact age when retirement becomes the norm—that is, when the percentage of men in the labor force drops below 50 percent. That age was 65 in 2017, one year later than in 2010 as a growing share of baby-boom men delay retirement.
Percent of men in the labor force, 2017
Age 60: 69.8
Age 61: 68.0
Age 62: 62.5
Age 63: 57.0
Age 64: 53.1
Age 65: 44.7 (age of retirement)
Age 66: 41.9
Age 67: 36.3
Age 68: 32.1
Age 69: 29.3
Age 70: 26.6
Since 2010, the labor force participation rate of men ranging in age from 61 through 66 increased by 2 to 3 percentage points. At that rate of increase, it will take more than a decade before more than 50 percent of men aged 65 are in the labor force and the age of retirement rises to 66.
Source: Bureau of Labor Statistics, unpublished tables from Labor Force Statistics from the Current Population Survey
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