60s & Beyond: Statistics

 

  • Current retirees' median average net worth is $448,000, while persons nearing retirement are slightly better off at 520,000 (source: AARP)
  • Average age of retirement is approximately 62 years of age (source: federal statistics)
  • 70% of Americans never retire at all (source: AARP)
  • According to a 2009 analysis of US Current Population Survey data, 68% of men and 73% of women who began receiving Social Security retired-worker benefits in 2007 applied for benefits before age 65.
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