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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 in Washington, D.C. is 63. Last year, the average D.C. resident retired at age 64. While our analysis shows that people are beginning to retire a bit earlier, itâs important for D.C. residents to have plenty of retirement savings.