Retirement Age

Retirement age refers to the age at which an individual stops working and transitions into retirement. The retirement age can vary depending on factors such as the individual’s occupation, country of residence, and personal preferences.

In many countries, the retirement age is set by law and may be influenced by factors such as life expectancy, demographic trends, and economic conditions. In the United States, for example, the full retirement age for Social Security benefits ranges from 66 to 67, depending on the individual’s birth year.

However, many individuals choose to retire earlier or later than the official retirement age based on their financial situation, health, and personal goals. It is important for individuals to plan for retirement and consider factors such as their retirement savings, Social Security benefits, and healthcare needs in order to make informed decisions about when to retire.