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Report: The Impact of Deferring Retirement Age on Retirement Income Adequacy

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The Impact of Deferring Retirement Age on Retirement Income Adequacy,
June 2011, Employee Benefit Research Institute, Issue Brief #358

  • “LOWEST-INCOME LEVELS, 50-50 CHANCE OF ADEQUACY: Retirement Security Projection Model® (RSPM) baseline results indicate that the lowest preretirement income quartile would need to defer retirement age to 84 before 90 percent of the households would have a 50 percent probability of success. Although a significant portion of the improvement takes place in the first four years after age 65, the improvement tends to level off in the early 70s before picking up in the late 70s and early 80s. Households in higher preretirement income quartiles start at a much higher level, and therefore have less improvement in terms of additional households reaching a 50 percent success rate as retirement age is deferred for these households.”
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