Official Retirement Age
65 years old
Official Retirement Age
65 years old
Official Retirement Age
62.5 years old
62 men/60 women
Official Retirement Age
60 years old
Official Retirement Age
65 years old
67 for those born after 1957
Average retirement age for all people
54.4
Average retirement age for men and women
Men: 58.2
Women: 51.5
Average retirement age over time
As life expectancy has increased, so has time spent in the workforce—members of the Silent Generation spent 20 years in retirement compared to iGeneration/Millennials, who are expected to spend 31 years in retirement.
Average retirement age in the future
Australians believe they’ll retire later—among working Australians, 65 is the average age at which they believe they’ll retire. Among recent retirees (in the past 5 years), the retirement age has sharply increased.
Percent of population that is 60/65+ in age
65+: 15.3%
Note: 65+ is the fastest-growing age group in Australia.
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
They generally stay, though the population receiving pension checks at overseas addresses has increased threefold since the early 90s. Today, about 77,000 Australians receive pension checks overseas. Italy, Greece and New Zealand are the top three locations.
Birth rate
12.8/1000
Population of the country
24.5 million
Size of the workforce
Employed: 12,051,000
Main industries in the country
Finance, business consulting, metals and mining, energy and utilities, industrial and material, health care/pharma
Official Retirement Age
62.5 years old
65 men/60 women
Official Retirement Age
65 years old
Official Retirement Age
65 years old
Official Retirement Age
56.5 years old
58 men/55 women
Official Retirement Age
65 years old
Official Retirement Age
60 years old
Urban workers: 65 men, 60 women; agricultural workers: 60 men, 55 women
Official Retirement Age
63.5 years old
65 men/62 women
Official Retirement Age
60 years old
Official Retirement Age
65 years old
Official Retirement Age
60 years old
Official Retirement Age
62.5 years old
65 men/60 women
Official Retirement Age
56.25 years old
60 men/50-55 women
Average retirement age for all people
55
Average retirement age for men and women
Men: 60
Women: 50
Note: These are official retirement ages in China
Average retirement age over time
The official retirement ages have remained static since the 1950s; now there are rumblings of change.
Average retirement age in the future
To combat the effects of an aging population, the Chinese government will gradually increase the official retirement age (a few months every year).
Percent of population that is 60/65+ in age
60+ = 15%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Some families are investing in retirement properties overseas—for their parents and themselves. The US, UK, Canada and Australia are popular destinations.
Birth rate
12/1000
Population of the country
1.371 billion
Size of the workforce
806,460,140
GDP
10.87 trillion
Main industries in the country
Manufacturing, services, agriculture
Official Retirement Age
59.5 years old
62 men/57 women
Average retirement age for all people
59.5 (average of retirement ages for men and women)
Average retirement age for men and women
Men: 62
Women: 57
Average retirement age over time
The retirement age increased in 2015, from 60 to 62, for men, and from 55 to 57 for women.
Average retirement age in the future
Since the retirement age just recently increased, there are no plans to increase it again. However, like in other countries, increasing life expectancies mean a greater share of elderly people in the workforce, a reality the pension system may have to contend with.
Percent of population that is 60/65+ in age
65+: 7%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Due to economic constraints and increasing health problems among the Colombian elderly, most remain in the country.
Birth rate
15/1000
Population of the country
48.23 million
Size of the workforce
25,402,840
GDP
292.1 billion
Main industries in the country
Oil, gas, coal, cut flowers, coffee
Official Retirement Age
65 years old
Official Retirement Age
63.4 years old
65 men/61 and 9 months women
Official Retirement Age
62.5 years old
65 men/60 women
Official Retirement Age
65 years old
Official Retirement Age
61.8 years old
63 and two months men/58 and 4 months-62 and 4 months women
Official Retirement Age
66 years old
65 men, 67 women
Official Retirement Age
60 years old
Official Retirement Age
63.25 years old
Official Retirement Age
60 years old
Official Retirement Age
65.25 years old
63-68 earnings related pension/65 national pension
Official Retirement Age
65.3 years old
Official Retirement Age
65.4 years old
Official Retirement Age
60 years old
Official Retirement Age
64.5 years old
65 men; 63 and 7 months - 64 and 3 months women
Official Retirement Age
67 years old
Official Retirement Age
60 years old
Official Retirement Age
62.5 years old
65 men/60 women
Official Retirement Age
65 years old
Official Retirement Age
62.5 years old
Official Retirement Age
67 years old
Official Retirement Age
60 years old
Varies by different sectors, but 60 is most common age
Average retirement age for all people
Note: India Census reports retirement data in age brackets rather than discrete ages
42% of adults aged 60+ participate in the labor force
The official retirement age in the private sector was recently raised from 58 to 60
Average retirement age for men and women
Men: 69.3
Women: 63.8
Average retirement age over time
While the official retirement age has increased, many older Indians have continued to work past official retirement due to rampant poverty and familial obligations. Thus the actual retirement age has changed very little.
Average retirement age in the future
Public investment in social security systems is relatively low. Most older Indians are poor, forced to work well past the official age of retirement.
Percent of population that is 60/65+ in age
65+ = 6%
60+-8.6%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Most stay in India because of cultural expectations to provide for and be with family. Expat retirees often send money home to make sure their family is provided for.
Birth rate
20/1000
Population of the country
1.31 billion
Size of the workforce
402,234,724
GDP
2.074 trillion
Main industries in the country
Retail, agriculture, real estate, banking and insurance, IT
Official Retirement Age
58 years old
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
66 years old
Official Retirement Age
67 years old
Official Retirement Age
66 years old
66 and 7 months men/65 and 7 months women
Official Retirement Age
62.7 years old
Average of 62 men/61 women/65 national pension
Average retirement age for all people
62.7
Average retirement age for men and women
Men: 62
Women: 61
Both, National Pension: 65
Average retirement age over time
In 1998, the retirement age was raised from 55 to 60, and has gradually increased since then.
Average retirement age in the future
By 2025, retirement age will be 65 for both men and women.
Percent of population that is 60/65+ in age
65+: 26%
Japan is home to the oldest population in the world.
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Cultural norms usually require the Japanese to live close to family, though there’s evidence that more Japanese are moving to Southeast Asia, Malaysia in particular, in retirement.
Birth rate
8/1000
Population of the country
127 million
Size of the workforce
65,233,380
GDP
4.123 trillion
Main industries in the country
Motor vehicles, steel, electronic equipment, technology, machine tools
Official Retirement Age
60.5 years old
63 men/58 women (Women's retirement age will gradually increase to 63 by 2027)
Official Retirement Age
60 years old
Official Retirement Age
60 years old
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
62.75 years old
Official Retirement Age
64 years old
Official Retirement Age
60 years old
Official Retirement Age
62.5 years old
65 men/60 women
Official Retirement Age
62.75 years old
63.5 men/62 women
Official Retirement Age
65 years old
Official Retirement Age
65 years old
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
60 years old
Official Retirement Age
65 years old
Official Retirement Age
58 years old
Official Retirement Age
62 years old
Official Retirement Age
60 years old
Official Retirement Age
60 years old
Official Retirement Age
65 years old
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
60 years old
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
60 years old
Official Retirement Age
65.75 years old
Official Retirement Age
65 years old
Official Retirement Age
65 years old
Official Retirement Age
67.75 years old
62-75 years earnings-related pension; 67 national pension
Average retirement age for all people
67
Average retirement age for men and women
Men: 67
Women: 67
Average retirement age over time
67 has been the official retirement age since the 1970s
In 2011, Norway established "flexible retirement" for earnings-related pensions—Norwegians can draw pensions as early as age 62
Average retirement age in the future
There are no serious proposals to raise the retirement age , though social science data indicates that Norwegians expect to retire later than they have previously. For example, in 2003, Norwegians preferred to retire at 61. In 2013, the age rose to 64.
Percent of population that is 60/65+ in age
65+: 16%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
The Norwegian pension system pays approximately $907 million to people living abroad. Stats show that the number of retired Norwegians moving abroad has increased from 30,000, in 2009, to 50,000 in 2013. Sweden is the most popular destination, followed by the US, Denmark and Spain.
Birth rate
11/1000
Population of the country
5.2 million
Size of the workforce
2,789,260a
GDP
388.3 billion
Main industries in the country
Oil and gas, fishing, shipbuilding
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
60 years old
Official Retirement Age
65 years old
Official Retirement Age
60 years old
Official Retirement Age
63 years old
65 and 7 months men/60 and 7 months women
Official Retirement Age
66.25 years old
Official Retirement Age
62.8 years old
65 men; 60 and 6-8 months women
Official Retirement Age
57.5 years old
60 men/55 women
Average retirement age for all people
57.5 (average of retirement ages for men and women)
Average retirement age for men and women
Men: 60
Women: 55
Average retirement age over time
The system went through an overhaul in 2002: from a pay-as-you-go system to an earnings-defined contribution system. However, the average age of retirement has remained constant.
Average retirement age in the future
Putin recently signed a law raising the retirement age for state officials—65 for men and 63 for women. No other plans/increases are being considered.
Percent of population that is 60/65+ in age
65+: 13%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Many people who leave intentionally avoid notifying the government, which makes stats on expats difficult to come by. Some evidence indicates that younger Russians are moving to China and the West. Older Russians don't tend to leave.
Birth rate
13/1000
Population of the country
144.1 million
Size of the workforce
75,568,610
GDP
1.326 trillion
Main industries in the country
Natural gas, oil, coal, aircraft, shipbuilding
Official Retirement Age
60 years old
Official Retirement Age
62 years old
Official Retirement Age
57.5 years old
55-60 depending on type of employment
Official Retirement Age
62 years old
Official Retirement Age
61.4 years old
62 and 2 months men/59-62 years and 2 months women
Official Retirement Age
65 years old
Official Retirement Age
65 years old
Official Retirement Age
65.4 years old
Official Retirement Age
55 years old
Official Retirement Age
64.5 years old
61-67 earnings-related pension; 65 national pension
Official Retirement Age
64.5 years old
65 men/64 women
Official Retirement Age
60 men/55 women years old
Official Retirement Age
62.5 years old
65 national pension program/60 labor insurance program
Official Retirement Age
60 years old
Official Retirement Age
60 years old
Official Retirement Age
60 years old
Official Retirement Age
60 years old
Official Retirement Age
59 years old
60 men/58 women; raised to 65 for those entering the workforce after 2008
Official Retirement Age
49 years old
Average retirement age for all people
49
Retirement age is 60 for expats (non-UAE nationals)
Average retirement age for men and women
Men: 49
Women: 49
Average retirement age over time
The retirement age has in the past decade steadily increased from age 40 in 2007.
Average retirement age in the future
Going up to 50 this year for UAE nationals
Expats are advocating to raise retirement age to 65
Percent of population that is 60/65+ in age
65+: 1%
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
While there is little data on UAE nationals who are retired, there’s evidence that UAE expats try to stay in the UAE after retirement, even though certain policies prohibit it. Many expat retirees find loopholes to avoid having to leave.
Birth rate
11/1000
Population of the country
9.16 million
Size of the workforce
6,328,670
GDP
370.3 billion
Main industries in the country
Oil and gas, tourism
Official Retirement Age
66 years old
65 for those born before 1938; gradually increases to 67 for those born after 1959
Average retirement age for all people
63
Average retirement age for men and women
Men: 64
Women: 62
Average retirement age over time
The retirement age for men and women has increased since the 1990s, though the 65+ population tends to switch to part-time work
Percent of population that is 60/65+ in age
Over 65: 15% (46 million)
Note: US elderly population is expected to sharply rise—by 2060, about 24% of the population will be 65+.
Do people stay in, or leave, the country after retirement? Where do they go if they leave?
Most stay in the US, though about 400,000 retired Americans are living abroad, and this number will likely rise over the next 10 years as more baby boomers retire. Popular destinations for retirees include Canada, Japan, Mexico, Germany and the UK.
Birth rate
12/1000 women
Population of the country
321.4 million
Size of the workforce
162,846,000
GDP
17.95 trillion
Main industries in the country
Manufacturing, finance, insurance, real estate, rental and leasing, professional and business services, real estate, educational services, health care, and social assistance
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
57.5 years old
60 men/55 women
Official Retirement Age
53 years old
60 men/46 women
Official Retirement Age
60 years old