Is there a Correlation between Retiring Early and Life Span?


Various forms of research that have been performed over the past few years have indicated that it isn’t actual retirement itself that can result in you living longer; it’s what you do during those golden years that makes the difference.


Study Finds

Information posted in the Health Economics journal from a 2017 study involving three Dutch economists, Stefan Hochguertel, Hans Bloemen and Jochem Zweerink, revealed what happened when a few Dutch civil servants were able to temporarily qualify for early retirement.

Only civil servants who were at least 55 years old and who had 10 years or more of continuous service with public sector contributions qualified. Men who responded to the offer of early retirement were 2.6% less likely to die over the following five years than those who continued working. Too few women met the criteria to take part in the study.

Further study conducted in the U.S. revealed that seven years of retirement can be as beneficial to health as reducing the chance of contracting a serious disease by as much as 20%. Other studies done in England, Germany and Israel have also revealed several positive health effects associated with early retirement.


Retirees Less Likely to be Depressed

Employment not only provides income and in many cases, health insurance; it can also provide employees with a sense of well-being and camaraderie. More evidence than ever before is mounting with regards to the fact that social isolation and loneliness are linked to cognitive decline and even premature death. Forms of employment that involves physical tasks help prevent employees from becoming obese or unhealthy as well.

However, many people find their jobs to be extremely stressful because it not only takes time away from families or recreational activities; this stress can also result in bad habits such as excessive alcohol consumption. In fact, the Dutch study noted that 50% of mortality reduction associated with retirement could be attributed to heart- and digestive-related disorders.


Adopt Good Habits

To get the most out of retirement, you will need to be willing to adopt healthy habits, with the most important one being keeping as physically and cognitively active as possible.

A lack of time is cited as the main reason why most employed adults don’t exercise. However, retirees usually have more time available to them, meaning that they will be more likely to get enough sleep and exercise by means of doing gardening or DIY tasks than working adults.

The age to obtain full Social Security benefits has gradually increased from 65 to 67 years, and adults who have been working after the age of 65 have been noted to be in worse health than those who retired earlier.

According to a survey conducted by the Board of Governors of the Federal Reserve System, several Americans cannot afford to retire. More than 20% of Americans over 40 don’t have any retirement savings, meaning they won’t be able to maintain living standards after retirement. If you would like to prevent this scenario happening to you during your golden years, contact our investment team today.