Workers Pushing Back Their Retirement Age

Some people are planning to retire when they reach a certain age, such as when they become eligible for Social Security or Medicare or can begin to draw a pension. Other investors are aiming for a specific number in their bank account before they leave their job. A new survey suggests that hitting a retirement savings goal is now a more compelling reason to retire than turning 65.

Just over three quarters (76 percent) of middle class workers say it is more important to have a specific amount saved before retirement than to reach a certain age, according to a Harris Interactive telephone survey commissioned by Wells Fargo. Only 20 percent of those surveyed plan to retire at a specific age, regardless of savings.

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