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Tags: millennial | retirement | personal finance

56 Years Old: Age at Which Average Millennial Expects to Retire

56 Years Old: Age at Which Average Millennial Expects to Retire
(Oleg Dudko/Dreamstime.com)

Scott Rasmussen By Tuesday, 19 June 2018 04:31 PM Current | Bio | Archive

The average millennial expects to retire at age 56. A TD Ameritrade survey found that the average millennial male expects to retire at 53. For millennial females, that figure is 59.

However, 28 percent of millennials don’t expect to retire at all.

The following list shows the average age at which millennials expect to achieve other life milestones:

  • First career job: 25
  • Move in with a serious partner: 26
  • Marriage: 28
  • First child: 28
  • Purchase a house: 30
  • Pay off student loans: 31
  • Begin saving for retirement: 36

Twenty-five percent (25 percent) don’t ever expect to marry, and 30 percent don’t expect to have children.

Twenty percent (20%) don’t think they’ll ever pay off student loans, and 24 percent don’t expect to purchase a home.

For purposes of this study, millennials were defined as those currently 21-37 years old.

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.​

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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ScottRasmussen
The average millennial expects to retire at age 56. A TD Ameritrade survey found that the average millennial male expects to retire at 53. For millennial females, that figure is 59.
millennial, retirement, personal finance
235
2018-31-19
Tuesday, 19 June 2018 04:31 PM
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