The median retirement age for Americans is actually 62, meaning that the typical worker is stepping back from their career three years earlier than expected, according to new research from the Employee Benefit Research Institute, a nonprofit focused on employee benefit programs. American workers by and large believe they’ll retire at 65, the nation’s traditional retirement age. But real life often gets in the way of those plans, with new research finding that the majority actually step back from work far earlier. And for many, it’s not by choice.
But even when people want to work longer, they’re not always able to, the new research found.
