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The 2,000 retirees and pre-retirees who participated in MassMutual’s 2024 Happiness and Retirement Survey believe 63 is the ideal retirement age for Americans. And while it’s hard to pin down ...
As of 2024, the average retirement age in the U.S. is 62, according to a recent Mass Mutual survey. Meanwhile, both retirees and pre-retirees mark 63 as the ideal retirement age.
For Americans born in 1954 or earlier, retirement age is 66. An individual born in 1954, for example, could start drawing their maximum Social Security payments in 2020.
The retirement age will gradually increase to 62 for males by 2028 and 60 for females by 2035. In 2021, the retirement age is 60.25 (age 60 and 3 months) for men and 50.33 (age 50 and 4 months) for women, the age will be increased by 3 months each year following for men and 4 months for women. [96]
For example, the average age of retirement in Washington, D.C., is around 67, while many states’ average age is around 65, such as Iowa, Kansas, Maryland, Vermont, and Texas.
The average retirement age is changing. As of 2022, the average retirement age among U.S. workers is age 61, according to a poll from Gallup. That's up from age 59 in 2002 and age 57 in 1991.