If you are able to achieve financial freedom earlier I think it is good to retire at age of 50 so that you have enough time to enjoy your wealth. if you are working for a company 60 years is enough for retirement.
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When it comes to the issue of retirement, it has to do with the capacity and general being of the individual involve.If he has the stamina and mental capacity to carry on,then it is very much ok to carry on with the operation of the outfit.When you get tired of the work and the business. That is when you should retire. And then after retirement the focus should be in moving the money into the places where you earn interest or give something in return. I think that is what most of the people think of retirement. Age should be based on your ability to not work. It could be 50 or 60 as well.
I think people should retire at a not-too-old age, so they can still enjoy their retirement without health issues interrupting. The age of 50 is okay for retirement.If you are able to achieve financial freedom earlier I think it is good to retire at age of 50 so that you have enough time to enjoy your wealth. if you are working for a company 60 years is enough for retirement.
These days, most government organizations do not even let you work up to 70, they retire most persons at the age of 60 to 65. If you are having a business of your own, you can probably decide on when you think would be best for you to retire.It's depends on your country, every countries have a specific age for people to retire from government, in most cases it is always 70 years and sometimes 75 years, it is not me that may decide that but it is the government depending on so many factors.
This happens in my current country too. One of my husband's aunts, working in an hospital as a nurse, retired many years ago, but she searched for another job in the health area, so now she receives a pension and in addition a salary from her new employment.In the US, it is good that you can still work even after you retire because there is practically no age limit. As long as you can do the job then you can be hired.