FIFTY

Retirement: Study Shows More People Leaving Workplace

04/07/2012 09:32 am ET | Updated May 23, 2012

Although many experts have been predicted that midlifers would opt to remain in the workforce long after retirement age, a rising number of them are choosing to retire, according to the recent study Transitioning Into Retirement: The Metlife Study Of Baby Boomers at 65.

The study found that 59 percent of the first boomers to turn 65 are partially retired; 45 percent are completely retired; and 14 percent are retired, but working part-time jobs. Additionally, 63 percent of respondents said they collect Social Security -- countering expectations that individuals would wait to collect in order to get a higher pay out.

"Many of the Boomers weathered the recession well and have been able to stop working. Half of all Boomers feel confident that they are on track or have already hit their retirement goals," said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute, in a statement.

Check out the slideshow below for key findings from Metlife's study.

Metlife Study
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