Sentences with phrase «average retirement age»

Compared to the current average retirement age of 62 [1], today's college graduates will work 13 years longer.

To take one example, in the state's teacher pension system, the average age of participants is 44 years, while average retirement age is 60.

Between 1976 and 2000, Canada's average retirement age fell from 65 to an all - time low of 61.5, where it hovered for a decade.

«Research suggests average retirement ages are moving in an upward direction,» said Steve Nyce, a senior economist at Willis Towers Watson.

Those born in 1946 are turning 62 this year, the current average retirement age of Canadians.

That is sooner than U.S. averages for all workers: the U.S. Social Security normal retirement age for anyone born after 1960 is 67, and the Boston College Center for Retirement Research estimates the national average retirement age at 62 for women and 64 for men.

«We see average retirement ages marching up, and we will get to 65,» says Malcolm Hamilton, partner at Mercer.

The average retirement age has risen steadily for the last 20 years.

Over the decade ending in 2011, the average retirement age for private - sector workers rose by nearly two years.

With U.K. life expectancy a long 80.75 years and the average retirement age of 65, a significant amount of people are working longer, however, with data from the Office on National Statistics (ONS) released last week showed the number of older people aged 65 - 74 who were economically active had almost doubled in the last ten years to 16 percent.

Since 1965, the average retirement age has dropped almost two full years, while life expectancy at age 65 has increased four years.

The 60 - year - old who is retiring will affect the average retirement age this year, while the other's decision won't be recorded until 10 years later.

That's one reason why a recent Statistics Canada paper warned that average retirement age «does not reliably reflect changes in retirement behaviour.»

According to Statistics Canada, since 2009 the average retirement age has risen slowly but steadily, reaching 62.3 in 2011.

But even if the average retirement age inched up to just 65 — where it sat back in 1976 — the extra three years paying into, instead of drawing out of, the nation's retirement system would substantially change the funding calculus.

What it's like: With an average retirement age of 78, this is a profession for people who love the work.

Because the average retirement age is 62, three years before most people are Medicare - eligible, timing retirement is part of managing retirement health costs.

«The 25 - year - old has 40 years of growth potential at the average retirement age of 65, whereas $ 10,000 saved at age 60 only has five years of growth potential.»

Someone who hits it out of the park and saves 20 % or more could retire as early as age 62, today's average retirement age.

That's an increase from NerdWallet's last analysis, which used 2012 data and predicted an average retirement age of 73 for the Class of 2013.

They may well retire earlier — the average retirement age has gone down from 67 to 63 — but that is commonly «retirement» only in the sense of collecting retirement benefits.

Since 1950, the average retirement age has decreased by about five years and the average life expectancy has increased by more than a decade.

In 2013, the average retirement age was just under 65, while the average life expectancy was more than 85.

In general, people are living longer, health care inflation continues to outpace the rate of general inflation, and the average retirement age is 62 for most Americans — that's 3 years before you are eligible to enroll in Medicare.

With the average retirement age in American being 62, this would put someone into their early 90s — which is a bit older than the current average life expectancy.

At least for men, though, the increase in the average retirement age from 63.9 in 2013 to 64.6 in 2015 is encouraging.

As a result, the average retirement age for men has slowly risen from a low of 62 in 1985 to almost 65 in 2015.

This upswing is bringing their average retirement age back to levels not seen since the 1960s.

Just two years shy of the average retirement age in her home country of Germany, a 65 - year - old mother of 13 and grandmother of seven is now pregnant with quadruplets.

Here's the average retirement age in the.

At the time he was 57, the average retirement age of district employees.

The average retirement age is between 62 and 65.

63: If you imagine that most people work until about age 65 or longer, you'd be wrong: The average retirement age was recently 63.

The average retirement age is 62, but that's changing.

With the average retirement age today of 63, millennials can save for just shy of 40 years.

Considering the average retirement age is around 62, 55 is retiring early.

After all, by the time you retire the average retirement age is probably going to years past what it is today.

Amid this dramatic shift, another sea change was afoot: As seen in the accompanying graphic, «The Gap Between Life Expectancy and Retirement Ages,» over the past half century the average life expectancy has increased significantly while the average retirement age has decreased.

If you're aiming to retire at 40 instead of 63 — the average retirement age — then consider increasing your savings.

When comparing the average retirement age of workers at two global corporations — one that kept its pension plan and one that converted to a 401 (k)-- Mercer, a global consulting company, found that employees with a pension retired approximately four years earlier than those with a 401 (k).2

According to a NerdWallet study of the Class of 2015, student debt has pushed the average retirement age back to 75, costing graduates as much as $ 684,474 in lost savings throughout their lifetime.

Over the past 25 years, the average retirement age for U.S. workers has been rising, a trend that should align with when people first claim Social Security.

Given these trends, Americans» average retirement age being lower than their expected retirement age may reflect today's retirees hailing from a different generation.

In the future, the average retirement age and expected retirement age may converge as current workers retire later in life.

According to data collected by Merrill Lynch and Age Wave, the average retirement age was 70 in 1950; by 2010, that had decreased to 64.

The average retirement age for American men is now 64 (my age) and 62 for women.

Today, the average retirement age is 62.

In 1993, the average retirement age in the United States was 57.