--- title: Retiring at 70 Is Becoming the New Normal description: A growing share of workers are planning to delay retirement until age 70 amid shifts to Social Security and Medicare. authors: - name: Liliana Hall role: Reporter url: https://money.com/author/liliana-hall/ bio: Liliana Hall joined Money in 2025. She is an Austin-based reporter for Money, where she covers a range of topics, including financial news, policy, banking, investing, passive income, financial planning and student loan debt. education: University of Texas at Austin at_money_since: 2025 articles: 132 covers: - Retirement - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Shopping - Taxes social: - https://x.com/lilihallllllll - https://www.linkedin.com/in/liliana-hall/ editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Retirement - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2025-09-10T14:09:09.000Z' section: Retirement tags: - News word_count: 426 canonical: https://money.com/retirement-age-70-normal/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo-illustration of a retirement party in an office with the worker cut out](https://img.money.com/2025/04/News-Workers-Pushing-Retirement-70.jpg) An increasing number of Americans are planning to delay retirement until 70, as shifts to Social Security and Medicare continue to reshape expectations around when people can afford to leave the workforce. [Data](https://www.ebri.org/media/press-releases/content/summary/35th-annual-retirement-confidence-survey-reports-worker-confidence-unchanged--while-retirees-feeling-better) released this year by the Employee Benefit Research Institute, or EBRI, shows a growing share of workers plan to retire at age 70 or older. In 2023, 15% of workers reported that they didn't anticipate retiring before age 70. That figure has risen to 20%. While the median retirement age remains 62, 2 in 10 workers (20%) say they revised their expected retirement age in 2024. With longer [life expectancies](https://www.cdc.gov/nchs/fastats/life-expectancy.htm), shifting expectations around work and growing financial uncertainty, retiring at 70 isn’t necessarily seen as extreme but a realistic benchmark. ## Select Your State to Find Your Reverse Mortgage Rate ### Homeowners 62 and over, work with a licensed Finance of America (NMLS# 2285) in your state today. [Learn More](https://money.com/pr/u34334de7a60?ap_referrer=%2Fretirement-age-70-normal%2F) Growing uncertainty around the future of government programs for retirees seem to be fueling concerns and prompting more Americans to rethink what their long-awaited retirement actually looks like. Social Security's trust funds are projected to be depleted by 2035, and without legislative action, retirees could face benefit cuts. At the same time, older folks appear to be concerned about what the Trump administration’s latest spending cuts — driven by the Department of Government Efficiency, or DOGE — might mean for health care programs like Medicare. The Department of Health and Human Services, which oversees 13 separate agencies including Medicare, eliminated around 10,000 full-time employees in March. It also announced plans to consolidate 28 divisions down to 15. Craig Copeland, director of wealth benefits research at the EBRI, echoed these concerns in the report, saying that “the concern about Social Security is especially prominent, as almost all retirees say that Social Security is a source of retirement income." Nearly 80% of workers admit they're worried the government will make "significant changes" to the retirement system. Specifically, 51% and 53% of workers say they have confidence that Social Security and Medicare, respectively, can continue provide the same level of benefits to future retirees as they do today. Beyond concerns for government programs, older workers are also grappling with market volatility, inflation and how rising costs will affect their ability to save for retirement. A recent Northwestern Mutual survey found that [most folks believe they’ll need $1.26 million to retire](https://money.com/magic-number-retirement-dropped-survey/) — down $200,000 from last year's estimate. Still, about 70% say they worry they might need to cut back in order to live comfortably in retirement. ## Is a Reverse Mortgage right for you? ### With Finance of America (NMLS# 2285), you can get the most out of your Reverse Mortgage loan. Click below and start planning your future today. [Learn More](https://money.com/pr/y81d77e3f08a?ap_referrer=%2Fretirement-age-70-normal%2F) ![](https://s3.consumersadvocate.org/prd/image/image/39553/medium_d01d803f-1110-4310-8997-bada342c27e4.webp) Get the most out of your Reverse Mortgage with Finance of America (NMLS# 2285) [Learn More](https://money.com/pr/ed1a928f8683?ap_referrer=%2Fretirement-age-70-normal%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/retirement-age-70-normal/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Retirement", "item": "https://money.com/retirement/" }, { "@type": "ListItem", "position": 3, "name": "Retirement Planning", "item": "https://money.com/retirement-planning/" }, { "@type": "ListItem", "position": 4, "name": "Retiring at 70 Is Becoming the New Normal" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/retirement-age-70-normal/#webpage", "url": "https://money.com/retirement-age-70-normal/", "name": "Retiring at 70 Is Becoming the New Normal", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-09-10T14:09:09.000Z", "mainEntity": { "@id": "https://money.com/retirement-age-70-normal/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/retirement-age-70-normal/#breadcrumb" } }, { "@type": "NewsArticle", "headline": "Retiring at 70 Is Becoming the New Normal", "articleSection": "Retirement", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/04/News-Workers-Pushing-Retirement-70.jpg", "width": 2880, "height": 1920, "caption": "News-Workers-Pushing-Retirement-70" } ], "author": [ { "@type": "Person", "name": "Liliana Hall", "url": "https://money.com/author/liliana-hall/", "@id": "https://money.com/author/liliana-hall/#author", "description": "Liliana Hall joined Money in 2025. 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