Average Retirement Age Up to 61

The average age at which U.S. retirees say they actually retired is now at 61, up from 57 in the early 1990s. …

The average retirement age has crept up by four years over the past two decades, from 57 in 1991 to the current 61. Because most of the uptick came before the 2008 recession, this shift may reflect more than just a changing economy. It may also indicate changing norms about the value of work, the composition of the workforce, the decrease in jobs with mandatory retirement ages, and other factors. [cont.]

Alyssa Brown, Gallup