For most people, retirement is synonymous with Social Security. As of 2024, the typical retirement age is 64 for men and 62 for women, according to the Center for Retirement Research at Boston College. (1) Nearly half (45%) of all retirees also claim Social Security around this age, according to the Bipartisan Policy Center. (2) That’s not a coincidence. Monthly benefits from the program are a key source of income for many retirees, and most older adults plan their escape from the labor force based on t ...