Retirement is a significant milestone that involves complex decision-making influenced by factors such as financial stability, health and personal aspirations. Although the decision to retire is personal, having insight into the average retirement age and evolving trends can provide valuable context.
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Average Retirement Age In The U.S.: An Evolving Scenario
The average retirement age in the United States has changed over the years. In 1986, men typically retired at about age 62 and women at about 57. By 2016, the ages increased to approximately 65 for men and 63 for women. As of 2024, the average retirement age for retirees in the U.S. is 64, with workers expecting to retire at 66. The full retirement age is 67 for those born in 1960 or later. Retirement ages vary by state, with Alaska and West Virginia having the lowest average at 61 and South Dakota, Massachusetts and…
