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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.
Retirement Decisions. The U.S. Census Bureau data shows that the average retirement age in the United States is about age 63. Age 63, however, would be considered an early retirement age as far as how your Social Security and Medicare benefits work. The U.S. Census Bureau data shows that the average length of retirement is 18 years.