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 March 2017, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 64 years and 16 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 three week decline in the average retirement age from February 2017 to March 2017.  This was primarily due to an increase in long-term stock returns. 

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

March 2017 64 16 -3
February 2017 64 19 -2
January 2017 64 21 -2
December 2016 64 23 0
November 2016 64 23 3
October 2016 64 20 3
September 2016 64 17 -13
August 2016 64 30 -6
July 2016 64 36 -2
June 2016 64 38 0
May 2016 64 38 -6
April 2016 64 44 -5
March 2016 64 49 -6

 

 

 

 

 

 

 

 

 

 

* Patent pending and is owned by Newman Colombo Financial Research, LLC.
Copyright 2013, Newman Colombo Financial Research, LLC 2008-2017
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