31% of Americans believe they’ll work past retirement age

Approximately 31 percent of American employees plan on working past the age of 67, the minimum age for receiving Social Security retirement benefits, according to Gallup’s 2016 Economy and Personal Finance Poll.

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To conduct the poll, Gallup held telephone interviews with 1,015 U.S. adults aged 18 and older between April 6 and 10.

Here are four other findings from Gallup’s results.

1. The average age at which workers predict they’ll retire is 66. In addition to the 31 percent who plan to work past age 67, around 38 percent of Americans predict they’ll retire between the ages of 62 and 67. Twenty-three percent plan to retire before turning 62 years old.

2. Low-income individuals expect to retire later than employees making $75,000 or more per year. On average, those making less than $30,000 plan on retiring at age 70, while those making $75,000 or more believe they’ll retire at age 67.

3. Young people plan on retiring earlier than middle-aged and older employees. Workers between ages 18 and 29 expect to retire at age 64. Employees between ages 30 and 49 expect to retire at age 70, and those aged 50 to 64 plan to retire at age 69.

4. Thirty-six percent of current retirees retired before age 62. Another 36 percent retired between the ages of 62 and 66, and just 12 percent retired at or after age 67.

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