PhotoIf you hate your job, no doubt you're looking forward to retirement. But plenty of people like what they do.

That fact, a longer life expectancy, and a need to earn income longer is leading roughly one out of four of U.S. employees to say they don't expect to retire until they are 70 years old. The difference is, some are happy about it – others aren't.

The Global Benefits Attitudes Survey of nearly 5,100 U.S. employees, conducted by the firm Willis Towers Watson, found another 5% of employees don't ever expect to retire. Even a large number of those who expect to retire at 65 say there's a 50-50 chance they'll still be working by age 70.

“Although their financial situation has improved over the past few years, many workers remain worried about their long-term financial stability,” said Steven Nyce, a senior economist at Willis Towers Watson.

Not doing it because they want to

Nyce says he thinks most of those who plan to work longer aren't doing so voluntarily. He chalks it up to inadequate savings or higher-than-expected expenses later in life. He also says a surprising number of employees are counting on their employers helping by providing some early retirement incentives.

People generally are living longer and are in better health, so it might not be unusual that more people expect to work until 70. But the survey shows those who plan to keep working past 65 are less healthy, more stressed, and more likely to not like their jobs.

Incentives to work longer

It may be true that a growing number of employees feel they must keep working beyond 65, but there are also plenty who are doing it voluntarily. Social Security provides an incentive to do so, paying the largest benefit to those who wait until age 70 to begin drawing it.

In recent years, financial planners have made a point of advising people to wait as long as possible before tapping into benefits, pointing out that waiting until age 70 would increase benefits 32% than at age 66.

And they appear to be doing it. The survey found that, over the last two decades, the percentage of men in the U.S. who are working past age 65 has grown from 15% to 22%.

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