What would you say the average age of retirement is from your experience?

[bill3173]

My experience is since Obamacare became a thing people are retiring earlier then ever. They figure out they can hoard cash and quit and take very little out of retirement and get cheap to free health insurance. I have farmers with millions of dollars of land getting very reasonable insurance. I have steel mill workers with 3 million in their 401k getting free health insurance. Times have changed.

I have noticed people retiring earlier in the last few years. Some of them have a lot of money, and some not much at all:

 

[scagnt83]

For many, it depends how much they saved for retirement.

There is really no "average" tbh.

It is highly dependent on demographics.

 

[scagnt83]

I know of an agent who is 75+ and is the last person in the office many days. He has absolutely zero financial need to keep working. He enjoys it.