Choosing what age to retire is a highly personal decision. Some people are eager to retire as early as possible, while others prefer to continue working late into life.

Regardless of when you retire, it's a decision to take seriously. Retiring before you're ready can wreak havoc on your finances, making it much more challenging to enjoy your senior years comfortably. Research shows that the average American retires at age 61, but there may be a big hidden risk.

As of 2022, the average retirement age among U.S. workers is age 61, according to a poll from Gallup. That's up from age 59 in 2002 and age 57 in 1991.

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Source Fool.com