Category: Personal Finance

Early Retirement: How Common – Or Rare – Is It?

In a recent post, we argued that 55 years old as the early retirement age cutoff in America. In this post, we'll look at how rare early retirement is in the US. As a preview, 24.29% of current living retirees report retiring before age 56. Number Retiring by Age of Living American Retirees in 2017 […]

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What is the Early Retirement Age? Examining Government and Popular Opinion

The early retirement age, so to speak, is in dispute – specifically, someone needs to answer: what is early retirement? Is it 62? 50? There actually isn't a stock answer (as you probably expected). However, we consider 55 as the cutoff age for early retirement. Here's why. What is the Early Retirement Age? There are […]

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Retirement Planning: How Do Americans Pay For Retirement?

In this post we use 2017 Survey of Household Economics and Decisionmaking microdata to see how do Americans pay for retirement, and also look at what is retirement. Hopefully this data is useful for your own retirement planning! How Do Americans Pay For Retirement? A SHED series of questions enumerated retirement funding sources and asked […]

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Why Do Americans Retire?

In our average retirement age in the United States piece we briefly discussed retiring for health reasons... then didn't dive deeper. Through the lens of 2017 Survey of Household Economics and Decisionmaking responses, today we'll evaluate retirement reasons for the living retiree population. We'll touch both why do Americans retire as well as craft a […]

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Average Retirement Age in the United States

The average retirement age in the United States among currently living retirees was 59.88 years old. The median living retiree left work at 62 years old, and the most common age to retire was 62 years old. 18.7% of retirees retired at age 62, and a whopping 63.1% retired between the ages of 57 and […]

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What is the Early Retirement Age and How Common is Early Retirement?
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Do Americans Feel On-Track for Retirement?

In other posts, we looked at how American households compare to savings target multiples by age and the dollar amount they've saved for retirement. Now we'll examine American opinions of retirement savings in 2017... and see if people feel they're on-track for retirement. American Savings Survey: Are They On-Track for Retirement The first thing you'll […]

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Age and Retirement Savings to Income Multiple: What Should You Have Saved?

One way to evaluate retirement savings is to look at a retirement savings to income multiple. In this post we'll look at a good multiple to target and how Americans are doing. How do you compute a retirement savings to income multiple? Take a household's total retirement savings and divide by typical household income to […]

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Retiree Net Worth in America in 2016

While net worth comparisons are interesting and revealing for all ages, net worth is most important for retirees. When people retire, they rely solely on wealth, periodic payments, and individual help to live. Here's a cut of our wealth percentile data for American households headed by a 65+ year old individual. Beyond that, we further […]

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Retirement Income Generator: Other Ways to Handle Interest Rate Risk Than a Pure Bond/Equity Portfolio

Editor: Patrice has followed up on his promise to study his strategy - please see his Accumulation Decumulation Study, and visit his writeup on his website. Please welcome Patrice Leblanc to Don't Quit Your Day Job... today as your guest host! He graduated from the University of Sherbrooke with a degree in Mathematics and has […]

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