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2 days ago · The average retirement age in the UK is just over 65 years old for men and 64 for women. In 2024, the typical age for giving up work fell slightly for both men and women.
Jul 17, 2024 · The state retirement age is 67 (rising to 68 by 2028). Meanwhile, the Office for National Statistics (ONS) calculates the average lifespan in 2024 for a moderately healthy 67-year old man to be 85 and for a woman it is 88.
Nov 1, 2023 · Key findings. Employment declines significantly after age 55, accompanied by rising rates of self-reported retirement. For men aged 55, 81% are in paid work, falling to 44% by age 65. For women, employment rates fall from 74% to 34% over the same ages.
Jan 3, 2024 · The table below gives you a rough estimate of how much you will need in your retirement pot to retire with a specific income. The numbers below do not take into account your state pension. These numbers show how much you will need in your private pension at each age to draw the desired yearly amounts in retirement.
Jan 30, 2024 · We take a look at the typical UK retirement ages of some of the most popular careers and the top ten jobs bagging an early retirement – two decades early in some cases. Use our free annuity calculator.
Here we explore the average retirement age in the UK, when you can expect to receive the State Pension and what factors to consider when deciding when to retire.
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Working out a realistic retirement age is one of the most important aspects of retirement planning. If you’re asking yourself ‘When can I retire?’, you’ll need to consider a number of factors, including your life expectancy, state and private pension income and outgoings. Here’s how to go about it.