Many people overestimate their future retirement age, study finds

04/4/2012 | Financial Advisor online

People tend to retire sooner than they anticipate, according to a Society of Actuaries survey. Thirty-five percent of preretirees said they would never retire, and half said they wouldn't retire until age 65 or later. However, the survey found that 31% of retirees stopped working by 55; 20% stopped by 60; and 10% stopped by 62. Health problems and downsizing accounted for some of the earlier-than-expected retirements, the Society of Actuaries said.

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