Early retirement is often seen as a luxury for the rich, but it's more common than you think. A recent Nationwide survey found that 64% of seniors retired earlier than they expected, with an average retirement age of 60. That's about seven years earlier than the age at which today's average worker plans to retire.

Undoubtedly, some of these workers saved diligently throughout their careers and chose to retire sooner after growing a sizable nest egg. But for others, the picture's not as rosy. Below is a look at why you may have to retire earlier than planned and what to do about it.

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Source Fool.com