Here’s the deal: The average retirement age is 61, but most people can’t collect their full Social Security benefits until age 67 (if you were born after 1960).1,2
That means a lot of people can’t retire until 67 because they need their Social Security to make ends meet each month!
In fact, 1 out of 5 retirees said they expect to “unretire” and go back to work this year—many of them to fight the rising costs of living caused by inflation.3 So determining a true average retirement age is really tricky.