As the average retirement age continues to rise, will passive income be the solution?

The average retirement age is 65 for men and 63 for women, based on the Center for Retirement Research at Boston College. That's up from 63 and 60, respectively, in 2001. Blame the moving target on increased life expectancies, the rising age for full benefits from Social Security, the cost of healthcare, or any number of other hurdles to life after work. Meanwhile, investing to fund a retirement likely to last 15 to 20 years or more often predicts the need for a nest egg of $500,000 to more than $1 milli ...