Many people plan to retire by a certain age, but few may actually still be working at their targeted retirement age. In the United States, the age at which working Americans expect to retire has risen to 66. But a Gallup poll showed that most don’t stay on the job that long, instead retiring when they’re about 60 or 61. In addition, according to a 2018 Employee Benefit Research Institute survey, 48% of workers wanted to retire after age 65, but only 19% of retirees stayed on the job that long. The reasons vary, but one positive outcome is having enough money to live comfortably during retirement. Still, early retirement largely involves unexpected scenarios. These may include poor health, having to care for an aging parent, downsizing, new skills required for the job, or other work-related reasons.
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