US BENEFITS - U.S. Census Bureau data shows that the average retirement age in the United States comes in at about age 65 for men and 63 for women. Age 63, however, would actually be considered an early retirement age, at least as far as how your Social Security and Medicare benefits are determined.
In fact, data reveals that people experience an average retirement length of approximately 20 years.
American retirement expectations may consider this average retirement length from the Census.
While young Americans aged 18-29 expect to retire at 63, a 2018 Gallup survey says that the average American predicts retirement at age 66.
The average retirement age varies by state. In states with a higher cost of living, such as the New England area, the average retirement age is higher.
People work longer so they can afford to retire in their state. In states with high unemployment, the average retirement age is actually lower. People who can't find work must take retirement earlier than they desired. One of the areas with the earliest retirement age is the Appalachian region.
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