ABOUT 3.3 million people over 45 years old intend to retire between now and 2028, a survey shows.
Financial security is the main factor those people will use to determine when they leave the workforce, the Australian Bureau of Statistics survey found.
About one third of them said they would shift to part-time work before retirement.
Of those who had already retired - 1.9 million - health and physical abilities were the reason they left the workforce.
The survey also revealed that about 70 per cent of people aged 15 years and over had superannuation in 2007.
© 2008 APN Online (Australia) Pty Ltd
Unauthorised reproduction is prohibited under the laws of Australia and by international treaty.