I believe that if people have the funds then they should retire as early as possible, not as late as they can. Sure, if they have a job they really enjoy then they should keep going for as long as they enjoy that job.

In Australia, the mandatory retirement scheme is superannuation where employees must forgo 9.5% of their salary with those funds locked up in long-term investments. Whilst the older generation missed out on a large earning potential of retirement saving, younger workers will benefit from participation in schemes throughout their working lives.

Retirees born after 1963 are able to access their retirement funds from age 60, if they have sufficient funds then they should retire at 60 and begin their retirement. Currently, people are able to access the government provided age pension from age 67 should they have insufficient funds to support themselves.

For me, I suggest if people should retire at age 60 and immediately begin drawing down their retirement savings. If they can provide self-funded retirement for 7 years then they reduce the burden on the taxpayer also enjoying the early stages of their retirement. Governments just need to stop messing with superannuation so we can plan for our retirements.