What age is best to retire at?

There is no easy answer when it comes to deciding what age is best to retire at. It is a difficult decision that depends on many factors, including your financial situation, your health, your work situation, and your personal preferences.

Some people choose to retire early, in their 50s or even 40s, while others wait until their 60s or 70s. There is no right or wrong answer, and the best age to retire is ultimately a personal decision.

If you are considering retirement, there are a few things to keep in mind. First, think about your finances. Do you have enough saved up to support yourself during retirement? If not, you may need to work longer to ensure a comfortable retirement.

Second, consider your health. Are you in good health and likely to enjoy a long retirement? Or do you have health concerns that could shorten your retirement? This is an important factor to consider when deciding when to retire.

Third, think about your work situation. Are you ready to retire from your current job? Or do you love your job and want to continue working? If you are ready to retire, make sure you have a plan in place for how you will spend your time during retirement.

Finally, consider your personal preferences. Do you want to retire early and enjoy your golden years, or do you want to work longer and delay retirement? There is no wrong answer, but it is important to think about what you want out of retirement before making a decision.

The best age to retire is ultimately a personal decision that depends on your finances, your health, your work situation, and your personal preferences. There is no easy answer, but if you take the time to consider all of the factors, you can make the best decision for yourself.

Our Level 2 calculators will help you understand your own situation.

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Always seek advice from your financial planner. If you are a member of one of the BC Public Sector Pensions plans, you can see what the Pension Corporation says about your situation. Their pages provide a detailed summary of your options.