Early retirement

By Metro Creative

According to Gallup’s 2021 Economy and Personal Finance survey, the average individual in the United States is retiring earlier than many people might expect. Gallup found that the average retirement age was 62, which is two years earlier than the working respondents indicated they planned to retire.

Canadians are retiring a little bit later than their American counterparts, as Statistics Canada reports the average retirement age in Canada is just over 63 and a half. The average retirement age is worth noting, as studies routinely find that many working professionals greatest concern about retiring is that they won’t have enough money saved to meet their needs.

By recognizing that they may end up retiring earlier than they initially planned, professionals can make a concerted effort to save more money in the years ahead.

— Metro Creative