Is Retirement at 65 Becoming a Thing of the Past?

For generations, turning 65 has been seen as the milestone for retirement in New Zealand. But with people living longer, healthier lives and the cost of living continuing to rise, more older adults are staying in the workforce well beyond what was once considered the “normal” retirement age.

Across New Zealand and internationally, conversations are growing around the future of retirement and whether working later in life will become increasingly common. While NZ Superannuation remains available from age 65, many people are continuing to work either through choice, financial necessity, or a desire to stay socially connected and active.

For some, continuing to work provides purpose, routine, and social interaction. Others may find retirement financially challenging due to rising housing costs, healthcare expenses, or limited savings. Research and public discussion also suggest many older adults are interested in more flexible work options, including part-time roles or “second-act” careers later in life.

The topic has sparked strong public debate, with many New Zealanders sharing mixed feelings about the idea of working longer. Some see it as a positive opportunity to remain active and engaged, while others worry about affordability, health, and whether future generations will be able to retire comfortably.

What remains clear is that retirement is becoming far less “one-size-fits-all” than it once was. Financial planning, flexible work opportunities, and maintaining wellbeing later in life are all becoming increasingly important parts of the conversation.