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 table below indicates that as of October 2014, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 65 years and 3 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

The primary factors behind the 55 week increase in the average retirement age from September 2014 to October 2014 is that the decrease in average employee wages was greater than the decrease in family expenditures and that there was a decrease in employee contributions to their pension plan.   

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

October 2014 65 3 55
September 2014 64 0 0
August 2014 64 0 0
July 2014 64 0 -9
June 2014 64 9 -6
May 2014 64 15 -5
April 2014 64 20 -12
March 2014 64 32 -2
February 2014 64 34 -7
January 2014 64 41 -11
December 2013 65 0 10
November 2013 64 42 5
October 2013 64 37 45

 

 

 

 

 

 

 

 

 

 

* Patent pending and is owned by Newman Colombo Financial Research, LLC.
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