Americans may think of age 65 as the target retirement age, but many people stop working before they reach that age.
Money Talks News analyzed data from the U.S. Census Bureau’s latest annual American Community Survey to determine the average retirement age in each state — or, more precisely, the age at which a majority of people in each state stop working.
The average retirement age nationally is 64, and the average retirement age by state is as low as 61, our analysis shows. Only in a few states do a majority of residents work past age 65.
As we note in “8 Reasons Your Parents Had an Easier Retirement Than You Will,” some workers end up having to leave the workforce sooner than they intended:
“Many workers today are counting on working into their late 60s and early 70s. But poor health, a job loss or the need to care for loved ones can force people to retire before then.”
Read on to learn the average retirement age in every state and Washington, D.C.