5 Countries with The Lowest Retirement Ages in The World

2. India

Retirement Age: 58-60 years

India has one of the lowest retirement ages in the world. The retirement age for private sector employees is 58 to 60 years, while it is 60 years for government employees. As of 2022, 149 million individuals were 60 years or older in the country. By 2050, it is estimated that this demographic will account for 20.8% of the total population, amounting to 347 million people. As such, the country should consider raising the retirement age for citizens to decrease the financial burden on the economy.