<p>It's not never, but somewhat depressing article that says new college grad won't retire until 73 because of all this debt: 73</a> Will Be The Retirement Norm For Millennials</p>
<p>I know job prospects seem to be in the gutter, but 73 seems old to me. My pops is just a normal dude and he retired at 64 and he didn't graduate go to college and had just a normal job and didn't even really save that much.</p>
<p>I plan on going into academia, and it seems to me that there’s a reputation of professors turning eccentric and never wanting to retire. So maybe that’s what my future holds.</p>
<p>With increasing life spans, though, and a shift in the way that retirement pay/savings are handled by employers, there is more reason to work longer. Although retirement ages have increased, I have heard that the number of years of life after retirement has remained about constant. Also, there is more of an onus on employees to do the saving (as that article points out), whereas in the past this was essentially taken care of for them, so people like your dad never had to worry about it. With increasing college debt and decreasing savings, I’m not surprised by this number, but with smart financial decision making from early on, I think it’s possible that we’ll be able to retire before 73 - if we want to.</p>
<p>It’s a relief to see this! There are many times that I feel like I chose wrong by choosing my mediocre state school when I was accepted to better but more expensive schools (in terms of prestige). I’m good now.</p>
<p>Prestige definitely seems to be overhyped for 99% of the jobs/careers people want to go into. The truth is that most universities in this country will provide you with a solid education that can lead to a successful life and career. It seems to be much more important what you choose to study than the ranking of the school where you study it.</p>
<p>My dad is 76 and just went from full-time to half-time status as a university professor. He still oversees PhD students as they do engineering research. He is very happy working. I don’t think he will retire until he has to.</p>