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That $2 million also happens to be the implied booty of your average California policeman who retires at age 55. Typical cities in California have a police officerâs retirement plan that works as follows: 3% at age 50.
The average retirement age is defined as the average age at which individuals within a certain group or demographic retire from employment. This age is not a stable number that remains the same over generations.Instead, it changes, varying according to trends in employment, retirement, and life expectancy. For example, in the United States, the average age at which individuals retired in 1910 was 74 years old. In 2002, however, the age was 62.Many people confuse the average retirement age with the normal or full retirement age. In the United States, the full or normal age of retirement is the age at which a person can begin to receive full Social Security benefits.This is different from the average age at which citizens of the United States retire.his age is not a stable number that remains the same over generations. Instead, it changes, varying according to trends in employment, retirement, and life expectancy. For example, in the United States, the average age at which individuals retired in 1910 was 74 years old. In 2002, however, the age was 62.