Nearretirement

Nearretirement is a label used in economics, demography, and career planning to refer to individuals who are approaching retirement. There is no fixed age threshold, but the term is generally applied to people who are within a window of roughly five to ten years before their intended or official retirement age. The concept is used to discuss financial readiness, health status, and workforce transitions as people prepare to exit full-time work.

Financial aspects include assessing retirement savings, pensions, Social Security or equivalent benefits, and expected healthcare costs. Many nearretirees review debt levels, housing plans, and potential changes to investment risk as they shift toward preserving capital rather than growth. Health and caregiving considerations, including chronic conditions or the possibility of long-term care, may influence retirement timing.

From a workplace perspective, employers may offer phased retirement, mentoring roles, or reduced hours to retain experienced staff while enabling transition. Individuals often engage in retirement planning, substitute employment, or post-employment part-time work to bridge income gaps and maintain social networks.

Policy and demographic factors affect nearretirement dynamics. Aging populations, evolving pension systems, and labor-force participation rates intersect with retirement income security, housing markets, and health services. Research often examines how to improve retirement readiness, reduce poverty in old age, and support smoother transitions for workers nearing retirement.

See also: retirement planning, pensions, social security, phased retirement, aging workforce.