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.

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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