United States Average Retirement Age Index*

 


 

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United States Average Retirement Age Index

WHAT IS THIS INDEX

This index determines the earliest age at which the average American can financially afford to retire. The index is based on a mathematical model that makes use of numerous types of economic data such as the Consumer Price Index, Wage Rates, Stock Market Performance, Bond Market Performance, Interest Rates, Lending Rates, Family Expenditures, Pension Plan Contributions, Tax Rates, and Social Security Taxes and Benefits. It is the only publicly available index which people can use to see how changes in economic conditions affect the age at which they can financially afford to retire. 

 

HOW TO USE THIS INDEX

The earliest age at which the average American can financially afford to retire is updated on a monthly basis (typically during the weekend prior to the second Monday of each month) to reflect changes in economic conditions. For example, the side table indicates that as of May 2016, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 64 years and 38 weeks. An examination of the table also indicates how the retirement age has changed over time as economic conditions have changed. Even if you differ greatly from the average American (either in terms of age, income, or current economic wealth), the index continues to be beneficial as it describes how your own retirement age is changing over time as economic conditions change. A monthly increase in the index indicates that you will need to wait longer to retire, and conversely, a monthly decrease in the index indicates that you will be able to retire earlier

 

MONTHLY INDEX UPDATE

There was a 6 week decrease in the average retirement age from April 2016 to May 2016.  The six week decrease was primarily attributed to an increase in the wage growth rate.

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

May 2016 64 38 -6
April 2016 64 44 -5
March 2016 64 49 -6
February 2016 65 3 4
January 2016 64 51 1
December 2015 64 50 2
November 2015 64 48 2
October 2015 64 46 6
September 2015 64 40 23
August 2015 64 17 11
July 2015 64 6 1
June 2015 64 5 -1
May 2015 64 6 -1

 

 

 

 

 

 

 

 

 

 

* Patent pending and is owned by Newman Colombo Financial Research, LLC.
Copyright 2013, Newman Colombo Financial Research, LLC 2008-2015
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