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April 22, 2024

Retirement could come sooner than you think — how to plan for it

  • Smart financial choices can put you in a better position if you can't work as long as you would like.
  • By KATE ASHFORD
    NerdWallet

    NEW YORK — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found.

    That may not seem like a big gap, but if you retire three years earlier than planned, that's three fewer years of savings and three more years of retirement to fund.


     
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