Elderly people at a retirement home. In the U.S., the average retirement age nationwide is 64, with state averages ranging from 61 to 67 years. AP ...

Although the average retirement age is 62, according to a 2024 Mass Mutual survey, it can be hard to accurately predict when you will retire. In 2025, more than 4.1 million Americans will turn 65.

Retirement planning is crucial for ensuring a financially secure future. This comprehensive guide provides insights and step-by-step instructions on how to effectively plan for retirement.

You can then map out a budget that aligns with your retirement goals. Keeping an open mind can be helpful, as you’ll be able to adapt if you end up retiring earlier than planned. More from U.S. News ...

Workers between 45 and 54 years old had a median account balance of roughly $60,000 in employee-sponsored retirement plans such as 401 (k)s at Vanguard Group in 2023.

The full retirement age is 66 years and 2 months for individuals born in 1955, and it will gradually increase to 67 for those born in 1960 or later. Early retirement will still be an option ...