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# How much do YOU think YOU need to retire? ...and at what age will you (and spouse) retire?

## Replies to: How much do YOU think YOU need to retire? ...and at what age will you (and spouse) retire?

• 5723 replies303 postsRegistered User Senior Member
There are calculators that tell you your probability of living past certain ages, based on current age and detailed health information. I was surprised, and not particularly happy, to learn that I have a 25% chance of living past 100.
• 1382 replies23 postsRegistered User Senior Member
According to actuarial tables, women of my current age will live to be 82.76 years old. Of course, some will die at 50 and some at 100. I have no idea where in that spectrum I will fall. Maybe I'll have a better idea as I approach retirement, but for now, who knows? And my peace of mind will be so much greater knowing the money is there.
• 4292 replies37 postsRegistered User Senior Member
edited May 2014
There are calculators that tell you your probability of living past certain ages, based on current age and detailed health information. I was surprised, and not particularly happy, to learn that I have a 25% chance of living past 100.

I tried a few, the results are very different.
edited May 2014
• 4292 replies37 postsRegistered User Senior Member
edited May 2014
Nevermind.
edited May 2014
• 4360 replies55 postsRegistered User Senior Member
Well I did it. I decided to retire effective January 1st. It's a big step, but I'm very excited about the possibilities.

Does anyone have thoughts on life insurance policies that come with LTC riders?
• 1382 replies23 postsRegistered User Senior Member
edited May 2014
This was interesting - I tried the life expectancy calculator at the link above & got 83 years mean & 25% chance of living past 91.
edited May 2014
• 1326 replies113 postsRegistered User Senior Member
In 1980 there were 700,000 people in the US who were 90 or older; in 2010, it was 1.9 million. It is projected to be 9 million in 2050.

The headline of one article on the subject was "Is 90 the new 85?"

My parents are 93 and 91. People are living longer and longer.
• 18419 replies324 postsRegistered User Senior Member
Since 65 is the new 45, why shouldn't 90 be the new 75?
• 73779 replies3216 postsRegistered User Senior Member
Ah Gloworm! Congratulations!!!
• 1382 replies23 postsRegistered User Senior Member
@gloworm - that's the way to do it!
• 5410 replies79 postsRegistered User Senior Member
Skilled nursing facilities use 93 as their predicted age span when calculating prices. And I'd certainly rather over shoot the under shoot.
• 40174 replies320 postsRegistered User Senior Member
"How realistic is living to 95 really? I know there are people who do live that long but isn't it just some tiny fraction? Like 1 in every 5,000 people or something?"

I'm 49. My parents are 71 and 72 with no health issues. One grandfather died in his early 70s, the other at 80. One grandmother died around 90 and my other grandmother is still rocking it at 95 and living independently. I think it's reasonable to plan to 95 for myself.
• 16617 replies66 postsRegistered User Senior Member
Yeah - I asked the planner to go to 100. I haven't had a known family member who didn't make it to 90 for three generations. I don't WANT to live to 100, but I don't want to run out of money at 90 :-)
• 11023 replies24 postsRegistered User Senior Member
Last week, I was hit by a guy who was 94 and still driving. He looked perfectly healthy except he can't see my big SUV car.
For me I'll take up bungee jumping in old age(85+) so there is no need for planning to live till 100.
• 15187 replies28 postsRegistered User Senior Member
Nice, glowworm! Am very jealous of you!
• 2390 replies2 postsRegistered User Senior Member
Thanks! For a long time it felt as though it would never get here.
• 34785 replies1076 postsRegistered User Senior Member
Im 56. Both parents are deceased, 75 & 45.
One set grandparents lived till mid '70's, other set lived till mid '80's.
I have similar health problems as my mother, but at 10 yrs younger, even though I have a healthier lifestyle.
If I could live twenty more years I would be thrilled. (& my bank acct could support me)

H's side of family has better genetics even though their lifestyle is less healthy.
Life isnt fair.
• 2390 replies2 postsRegistered User Senior Member
To the poster who PMd me, I am 60, H is 61, but he may not retire when I do. I think he will do the deed in December.