retirement planning

Is 65 Too Late to Retire? Navigating Retirement Age Myths

Explore reasons why retiring at 65 might not be ideal and how to plan your unique retirement journey.

Richard Walker

21 Aug 2025 — 2 min read

An illustration of a senior thinking about retirement by the beach.

Is 65 the Magic Number for Retirement?

We've all heard the classic saying: "65 is the prime age to retire." But is that really true in today's world? Let's unravel this myth and explore why retiring at 65 might not be a one-size-fits-all solution.

Why Retire at 65 Might Not Be the Best Fit

Many believe that 65 is a cornerstone age for retirement due to historical reasons like the establishment of retirement benefits. However, financial security and lifestyle preferences vary, meaning that this age may not suit everyone.

Consider these factors:

Health: Good health might encourage you to work longer, while health problems could push retirement sooner.
Financial Preparedness: Are your savings sufficient to support your desired lifestyle?
Career Fulfillment: Do you find joy in your work, or are you dreaming of new ventures?

A Relatable Anecdote

Meet Alan, a vibrant 66-year-old who’s more active than ever. Instead of a full retirement, he reduced his work hours to enjoy more travel and learning experiences. Alan discovered that this balance of work and leisure provides mental and emotional satisfaction, proving that retirement doesn't have to mean a complete stop.

Hand-drawn sketch of a financial planner with charts and graphs.

Strategies for a Personalized Retirement Plan

Creating a plan that fits your unique circumstances can be a rewarding experience. Here's how you can approach it:

Assess Your Finances: Calculate your savings, investments, and expected retirement income.
Define Your Goals: What do you envision for your retirement? Traveling, hobbies, or volunteering?
Consider Phased Retirement: Gradually reduce work hours to transition smoothly.

Cartoon-style image of a happy elderly couple gardening together.

Planning for Health and Wellness

Your health could be a determining factor. Establish a routine that includes regular exercise, a balanced diet, and mindfulness practices to maintain wellness.