retirement age

Retirement age refers to the age at which an individual is considered eligible to stop working and begin receiving pension benefits or retirement funds. In many countries, this age is often set by the government and can vary based on factors such as gender, occupation, and years of service. At retirement age, individuals typically qualify for social security or similar benefits, allowing them to financially support themselves without a regular job. Understanding retirement age is vital for financial planning and ensuring adequate savings to maintain a comfortable lifestyle in later years.