Essential Report

Retirement age

Apr 8, 2015

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

  Total   Men Women Aged 18-34 Aged 35-54 Aged 55+   Dec 2013
Less than 50 years 2% 2% 2% 4% 1% 2%
50-54 years 3% 3% 4% 6% 2% 3%
55-59 years 10% 9% 11% 15% 12% 2% 9%
60-64 years 17% 18% 16% 19% 20% 11% 18%
65 years 18% 19% 18% 18% 23% 14% 21%
66-69 years 9% 9% 9% 10% 9% 8% 12%
70 years or over 9% 11% 7% 9% 10% 7% 8%
Don’t know 12% 11% 13% 15% 14% 4% 11%
I have already retired from working 15% 16% 14% 3% 50% 11%
I don’t work 5% 3% 6% 4% 6% 4% 4%

32% of respondents said they expected to retire from working before the age of 65, 18% expect to retire at 65 and 18% after the age of 65.

32% of men and 33% of women expect to retire before the age of 65.

Of those aged under 35, 44% expect to retire before the age of 65 and 19% expect to work past 65.

Of those on higher incomes ($1,600+ pw), 37% expect to retire before the age of 65.

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