United States Average Retirement Age Index*

 


 

Home

 

About the Inventors

Terms of Use

 

Contact Information

 

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 July 2014, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 64 years and 0 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 factor behind the 9 week decrease in the average retirement age from June 2014 to July 2014 is an increase in the employer's contribution rate toward employee retirement savings.

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

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

September

2013

63

44

-6

August

2013

63

50

7

July

2013

63

43

-5

 

 

 

 

 

 

 

 

 

 

* Patent pending and is owned by Newman Colombo Financial Research, LLC.
Copyright 2013, Newman Colombo Financial Research, LLC 2008-2013
Website designed by Harry Newman, Ph.D; Copyright Newman Colombo Financial Research, LLC 2013