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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.
Those dreams may be tinged with concern over whether they have saved enough to get comfortably through their retirement years. According to AARP, the average retirement age is presently 64 for men and 62 for women, yet only about 30 percent of households are projected to be ready for retirement at 62.hose dreams may be tinged with concern over whether they have saved enough to get comfortably through their retirement years. According to AARP, the average retirement age is presently 64 for men and 62 for women, yet only about 30 percent of households are projected to be ready for retirement at 62.