The age at which workers expect to retire has slowly risen over time, but that trend could be slowing, according to a report by the Employee Benefit Research Institute.
Since 2009, 20 to 25 percent of workers reported that the age at which they expect to retire increased in the last year. According to the 2014 Retirement Confidence Survey, only 15 percent of workers reported an increase in their expected retirement age in the past year, compared to 22 percent in 2013.
The number of workers who expect to retire before the age of 65 has decreased over time, from 50 percent in 1991 to 27 percent in 2014. In 1991, just 11 percent of workers expected to retire after age 65 compared to 33 percent in 2014. Ten percent don't expect to retire at all, EBRI found.
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The median age most workers expect to retire has remained at 65 for most of the past 24 years, according to EBRI.
The Employee Benefit Research Institute is a private, nonpartisan, nonprofit research institute based in Washington, D.C. It focuses on health, savings, retirement and economic security issues.
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