What Does It Take To Retire?

Retirement basically is the point where an individual stops employment. An individual may also be semi-retired and keep some kind of job, although generally out of choice rather than necessity.

Retirement is usually taken when an individual touches a determined age, when his physical conditions do not permit that individual to work any more. In nearly all nations, the thought of a fixed retirement age is of recent origin, started throughout the 19th and 20th centuries, prior to that, the non-existence of pension arrangements meant that all workers continued to work till the time they died.

The set age of retirement usually differs from country to country but is normally anywhere between 55 to 70.