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 May 2015, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 64 years and 6 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 1 week decrease in the average retirement age from April 2015 to May 2015.  This decrease was due to an increase in the average employee wage growth rate.

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

May 2015 64 6 -1
April 2015 64 7 -7
March 2015 64 14 -2
February 2015 64 16 1
January 2015 64 15 -32
December 2014 64 47 0
November 2014 64 47 -8
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

 

 

 

 

 

 

 

 

 

 

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