Pixdeluxe | E+ | Getty ImagesAmericans often worry about hitting specific money goals for retirement, but a new report finds that the decision to retire often happens independently of reaching that "magic number."
The report found that more than a third, 36%, of households ages 55 to 64 are already retired.
In that age group, 27% are within five years of stopping full-time work and 37% expect to continue working full-time for more than five years.
About a third, 35%, of people in that age group who have less than $50,000 in investable assets described themselves as retired.
That may be especially true of those in the 55-plus age group, who may believe they have enough, but cannot predict whether they will live another four decades.
Persons:
haven't, Laura Varas, Carolyn McClanahan, that's, McClanahan
Organizations:
Getty, Hearts, Census, Federal Reserve, Finance, Planning Partners, CNBC
Locations:
U.S, Jacksonville , Florida