The Optimal Retirement Age: A State-by-State Analysis

A new study by personal finance website GoBankingRates has revealed the varying retirement ages and savings needed for workers in each state in the US. The study found that the average retirement age in America is now 61, up from 57 in 1991. However, retirement ages can vary significantly by state, with workers in Hawaii needing to retire at 75 or older, while workers in Kansas can retire as early as 52. The study highlights the impact of inflation and higher interest rates on workers' ability to save for retirement, contributing to concerns about a nationwide "retirement crisis."