What Is a Good Age to Retire?

The ideal retirement age varies based on financial readiness, health, Social Security timing, and lifestyle goals. Full Retirement Age for Social Security is 67, with benefits reduced if claimed earlier and increased if delayed until 70. Medicare eligibility at 65 reduces healthcare costs. Early retirement at 62 requires significant savings due to reduced benefits and healthcare expenses. Phased retirement and working longer improve financial security and Social Security benefits.