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Table 4 Reasons for retiring by retirement timeframe: subset of respondents to the 5-year follow-up survey (N = 557)

From: Employment and retirement impacts on health and wellbeing among a sample of rural Australians

  Retired before baseline: C. Retired during study period
(N = 185)
D. Plan to retire in next 5 years
(N = 86)
p
A. >  5 years
(N = 193)
B. Up to 5 years
(N = 93)
% (n) % (n) % (n) % (n)
Age Mean (SD) 75.81 (6.24) 69.76 (4.67) 64.97 (4.59) 60.85 (4.80)  
Sex      
 Male 42.0 (81) 49.5 (46) 42.7 (79) 30.2 (26) 0.071
 Female 58.0 (112) 50.5 (47) 57.3 (106) 69.8 (60)  
Reached usual (or desired) retirement age 35.2 (68) 40.9 (38) 28.6 (53) 47.7 (41) 0.015
Eligibility for Old Age or other pension 12.4 (24) 18.3 (17) 11.4 (21) 15.1 (13) 0.402
Eligibility for superannuation (or financially secure) 17.1 (33) 18.3 (17) 21.6 (40) 44.2 (38) < 0.001**
Own sickness, injury or disability 14.0 (27) 8.6 (8) 20.0 (37) 3.5 (3) 0.001*
Stress or mental health problem 5.7 (11) 2.2 (2) 9.7 (18) 5.8 (5) 0.095
Own business closed or sold 8.8 (17) 21.5 (20) 13.0 (24) 10.5 (9) 0.022
No paid work available 2.1 (4) 3.2 (3) 3.8 (7) 0.0 (0) 0.286
Made redundant/dismissed 9.8 (19) 4.3 (4) 5.9 (11) 1.2 (1) 0.034
Declining interest in work 5.2 (10) 15.1 (14) 15.7 (29) 25.6 (22) < 0.001**
Retirement of partner 15.0 (29) 8.6 (8) 9.2 (17) 23.3 (20) 0.006*
Lifestyle reasons 14.0 (27) 18.3 (17) 21.1 (39) 33.7 (29) 0.002*
To care for family member/friend 9.8 (19) 3.2 (3) 7.0 (13) 2.3 (2) 0.056
To undertake voluntary work 2.1 (4) 5.4 (5) 8.6 (16) 7.0 (6) 0.043
  1. Note: In Australia, ‘superannuation’ typically refers to money compulsorily put aside by your employer over your working life that you can access when you retire (currently equivalent to a minimum of 9.5% of your salary). The four categories reported here were based on employment status at baseline, any subsequent retirement during the study period, and self-reported duration and reasons for retirement from the 5-year follow-up survey (with a minimum of one reason required for inclusion in this analysis). Statistical significance was based on overall Chi-square tests (df = 3): *p < 0.01, **p < 0.001