Learn about preparing for life after full-time work through posts from Don's upcoming book.
It isn’t just how long we might live that’s of interest. It also matters a lot how healthy our future years are. We’ll see in this post that health is a tough thing to measure.
If you have an independent way of getting your own longevity estimate, you can adapt that online Actuaries table to fit your own circumstances.
There’s a particularly useful table available online. Here I’ll show you how to use it.
Since you don’t know how long you’ll live, what is a sensible planning horizon for the length of your retirement?
Why do so many people misunderstand life expectancy? Is it the arithmetic or the concept? Let’s take a look. (Spoiler alert: the arithmetic is simple.)