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 side table indicates that as of November 2016, assuming economic conditions remain unchanged, the average American could retire when he or she reaches the age of 64 years and 23 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 3 week increase in the average retirement age from October 2016 to November 2016.  The increase was attributed primarily to a decrease in long-term returns.

 

 

 

 

RETIREMENT AGE

Date of  Forecast

Years

Weeks

Change in Monthly Index (in weeks)

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
February 2016 65 3 4
January 2016 64 51 1
December 2015 64 50 2
November 2015 64 48 2

 

 

 

 

 

 

 

 

 

 

* Patent pending and is owned by Newman Colombo Financial Research, LLC.
Copyright 2013, Newman Colombo Financial Research, LLC 2008-2016
Website designed by Harry Newman, Ph.D; Copyright Newman Colombo Financial Research, LLC 2013