Sunday, April 22, 2012

When will Americans retire?

MetLife does interesting and worthwhile research. I have just bee reading its April 2012 study Transitioning into Retirement - The MetLife Study of Baby Boomers at 65.

Among those currently working, just over half anticipate being able to retire before they turn 70 years old with 37% believing they will be able to retire within the next year (2012).

Between 2008 and 2011, the average planned retirement age among those still working increased by more than two years from 66.3 in 2008.

The graphic shows the age of retirement of those who are no longer working.

In comparison, the fully retired were relatively young, approximately 58 years old, when they retired. There was a difference between when men and women retired. Men, on average, retired at age 60. Women, on average, retired at age 57.  Dick Stroud

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