I’m shooting for age 70.
WASHINGTON, D.C. — Nonretired Americans, on average, say they will retire at age 66. This projected age of retirement has stayed about the same in recent years, but is up from previous decades. During the 1990s, the average American projected retiring at age 60.
Americans’ projected age of retirement has stabilized between 65 and 67 since 2009. It was slightly lower, averaging 64, between 2002 and 2008, and lower still, at 60, in two Gallup surveys conducted in 1995.
Overall, 41% of nonretirees in the April 2-11 Gallup poll plan to retire at age 66 or older, by two percentage points the highest in Gallup’s trend. In surveys conducted in 2004 and prior, less than 30% wanted to wait until after age 65 to retire, including just 12% in November 1995.
Meanwhile, the percentage wanting to retire before age 60 has dropped by more than half from 27% in 1995 to 12% today.
Snapshot: Average American Predicts Retirement Age of 66
On average, American nonretirees say they will retire at age 66, little changed in recent years. Those who are already retired did so on average at age 61.