The number of men working into their 70s has leaped from one in 10 to one in four in the past 20 years.

The expected age of retirement for men has jumped 2.2 years to age 67 since 2014-15, KPMG Australia analysis of ABS Labour Force Survey data has also found.

For women, it has climbed by 1.1 years to 65.3 years.

The research also shows 10 per cent of men in their late 70s are still in the workforce. 

KPMG urban economist Terry Rawnsley believes that the lift in the age pension access age to 67 has caused many to stay in the workforce, and others have made the voluntary decision to delay retirement beyond the "official" age.

"People are looking for that mental stimulation. They want to have a reason to roll out of bed a couple of days a week, and also a little bit extra money coming

See Full Page