At some point absolutely, but if someone is capable of executing there's no reason for them not to continue irrespective of age.

My dad's at retirement age yet continues to work on bleeding edge harness engineering and cloud security work, yet there are plenty of 30 and 40-somethings on HN that don't know the difference between a CNI and kube-proxy let alone are bordering on unemployable due to personality and educational skill deficiencies.

And my granddad's still physically active as a farmer in the old country. And his parents were alive and active into their 90s (also as farmers).