Explore Your Retirement Landscape: Life Expectancy
Living longer means your retirement savings must last longer.
We hope for long lives for ourselves and loved ones. But today's longer life spans are a challenge when you're planning for retirement because your savings have to last longer. Look at these life expectancy numbers over the last century.
U.S. Life Expectancy Has Increased Since 1940
Source: 2010 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds
Think about the length of your retirement this way:
A man reaching age 65 in 2010 can expect to live to just over 82, on average.
A woman turning age 65 in 2010 can expect to live to almost 85, on average.
About one out of every four 65-year-olds in 2010 will live past age 90, and one out of 10 will live past age 95.1