Essential Report

Retirement age

Dec 3, 2013

Q. At what age do you expect to retire from working?

 

Total

 

Men

Women

 

Aged 18-34

Aged 35-54

Aged 55+

Less than 50 years

2%

3%

1%

3%

3%

50-54 years

3%

4%

3%

5%

3%

55-59 years

9%

9%

9%

10%

11%

3%

60-64 years

18%

15%

21%

20%

19%

13%

65 years

21%

20%

22%

20%

25%

16%

66-69 years

12%

12%

13%

16%

12%

9%

70 years or over

8%

10%

7%

10%

8%

8%

Don’t know

11%

13%

9%

12%

13%

7%

I have already retired from working

11%

12%

11%

3%

39%

I don’t work

4%

3%

5%

3%

4%

5%

32% of respondents said they expected to retire from working before the age of 65, 21% expect to retire at 65 and 20% after the age of 65.

31% of men and 34% of women expect to retire before the age of 65.

Of those aged under 35, 38% expect to retire before the age of 65 and 26% expect to work past 65.

Of those on higher incomes ($1,600+ pw), 40% expect to retire before the age of 65.

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