As well being care science and know-how enhance, we anticipate to stay longer and more healthy lives. We would additionally anticipate to retire later — as a result of we’ll have to save more cash to take pleasure in our further years.
A recent analysis by Our Life Plan, a British retirement and property planning web site, took a have a look at these assumptions for dozens of OECD member nations, together with the United States.
Its examine of the rising age of retirement and life expectancy found that the common lifespan may have elevated by 4 years by 2050. However the common retirement age will solely enhance by a few years in the subsequent few many years in lots of the nations examined. In some nations, individuals will even be retiring before they do now.
Sadly, the U.S. isn’t a type of the place retirement shall be taking place sooner. We rank twenty third (out of 36) for the projected common retirement age in 2050: 69.64.
Following are the nations the place individuals are anticipated to be retiring earliest in 2050.
5. Austria
Projected common retirement age in 2050: 63.28
Projected common retirement age in 2025: 61.22
Whereas Austria’s common retirement age is predicted to rise about two years by 2050, its common life expectancy will rise almost six years over the identical interval to 89.68. We beforehand famous the German-speaking nation as one among the most cost-effective and most secure for retirees.
4. Luxembourg
Projected common retirement age in 2050: 63.17
Projected common retirement age in 2025: 60.97
The typical retirement age in Luxembourg is predicted to rise by 2.2 years by 2050. Nevertheless, the common life expectancy will rise to 92.89 — an nearly eight-year enhance. No surprise Luxembourg is one among the happiest nations on Earth.
How to Choose the Good Time to Retire
3. France
Projected common retirement age in 2050: 61.78
Projected common retirement age in 2025: 60.39
The French will take pleasure in a comparatively small shift in retirement age between now and 2050 — simply 1.39 years, on common. In the meantime, the common life expectancy will climb to 90.83 by 2050, a couple of six-year achieve over 2025. We reported it as one among “The 10 Best Countries to Retire Overseas in 2021.”
2. Poland
Projected common retirement age in 2050: 61.49
Projected common retirement age in 2025: 60.94
In Poland, the common retirement age shall be pushed again solely a little bit greater than six months by 2050. Coupled with that spectacular feat, life expectancy will enhance about seven years over the identical interval.
Poland additionally ranked No. 2 in “The 10 Best Countries for Pensions,” thanks partly to the reality all Polish employees obtain one.
1. Greece
Projected common retirement age in 2050: 57.21
Projected common retirement age in 2025: 59.74
At the high of the record is Greece, which is predicted to by some means handle to decrease its common retirement age by greater than two years by 2050. Life expectancy is predicted to rise to 87.54 over that interval, greater than 4 years past the 2025 estimate.
Taken collectively, that’s greater than six further years to take pleasure in life in a spectacularly lovely nook of the world.
