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- Retirement ages vary worldwide, from between 66 and 67 in the US to 57 for women in Colombia.
- The normal retirement age is when people are eligible for full retirement benefits without penalty.
- Countries like Greece boast a normal retirement age of 62.
Retirement looks different depending on the person — and the country.
In the US, people born between 1943 and 1954 can collect full Social Security benefits at age 66. For people born after 1960, the age jumps to 67.
The Organization for Economic Co-operation and Development (OECD) defines normal retirement age as the age at which people can receive full benefits without penalty, assuming they’ve worked a full career since they were 22 years old.
While the US retirement age is comparable to Iceland, Denmark, and the UK, other countries allow citizens to collect full retirement benefits earlier. In Colombia, for instance, women can retire when they’re 57.
As of 2022, the average normal retirement age for men is 64.4 across the OECD’s 38 member countries. For women, the average normal retirement age is 63.6.
These nine countries have normal retirement ages of 62 or below, according to the OECD’s 2023 report on pensions. The report uses 2022 data — the latest available — that is based on information provided by countries to the OECD.
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