What is a realistic life expectancy assumption. 90, 120, or more?

[Anonymous]

I’m trying to estimate how long my portfolio will last and I’m curious how long other people are assuming they will live. Part of me thinks that I probably won’t live more than 100 years, but I’m also concerned that new medical technology will enable people to live much longer if they are wealthy enough to pay for it. How realistic is that medical advances will increase lifespans for 20+ years if I’m currently in my early 30’s?

[Anonymous]

Good question, I count in steps of 30. Planning 30-60-90. Money really only has to last from 70-90. If you make it to 120 - not sure how a society would be able to absorb all these old people. 50 years retirement is long.

[Anonymous]

You are not going to live to 120.

[Anonymous]

Anonymous wrote:You are not going to live to 120.

Maybe til 118 though. Plan for that.

[Anonymous]

Look at your family.

My parents and grandparents died around age 85 so that’s what I’m planning for.

[Anonymous]

Anonymous wrote:Look at your family.

My parents and grandparents died around age 85 so that’s what I’m planning for.

No, look at your family and + 5 at least

My parents are now 81 and 83, 100% healthy and fit. I’m planning for 105 ish and I’ll be broke by then LOL

[Anonymous]

Anonymous wrote:I’m trying to estimate how long my portfolio will last and I’m curious how long other people are assuming they will live. Part of me thinks that I probably won’t live more than 100 years, but I’m also concerned that new medical technology will enable people to live much longer if they are wealthy enough to pay for it. How realistic is that medical advances will increase lifespans for 20+ years if I’m currently in my early 30’s?

75-85.. maybe 90. If everyone starts living past 100, they will terminate your physical body and upload you to the cloud..

[Anonymous]

While more people are living longer, the actual human life span isn’t really shifting. Planning on living to 120 is just not useful or realistic.

[Anonymous]

It does happen....

But assume you live to be 105, bank on the last 20 years being frail and not really doing anything.

My retirement planning is based on my retirement expenditures being less than my retirement income. As long as that's the case, no matter how long I live I'll be fine, financially, as I won't dip into the capital.

[Anonymous]

US life expectancy is going down. Don't worry about past 90.

[Anonymous]

I have a friend who is an actuary who recommended taking the oldest age a parent or grandparent has lived to plus 7 as the estimate for the longest you are likely to live for retirement savings planning.

My oldest grandparent/parent was my grandmother who lived to 94, so my number would be 101.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look at your family.

My parents and grandparents died around age 85 so that’s what I’m planning for.

No, look at your family and + 5 at least

My parents are now 81 and 83, 100% healthy and fit. I’m planning for 105 ish and I’ll be broke by then LOL

You’re delusional. Maybe add 5 years.

[Anonymous]

Life expectancy is around 80, so use 90.

[Anonymous]

Anonymous wrote:US life expectancy is going down. Don't worry about past 90.

I think you miss the point. Yes going down. But if you reach 70 it is likely you reach 85. If reach 80, not likley but almost that you reach 90.

Advances in medicine do look like they will extend life. If in 30s it is not crazy to assume 100. Might not happen but it will start to in increasing numbers.

Yes look to parents but then add or subtract on your lifestyle and add based on advances.

[Anonymous]

Anonymous wrote:I have a friend who is an actuary who recommended taking the oldest age a parent or grandparent has lived to plus 7 as the estimate for the longest you are likely to live for retirement savings planning.

My oldest grandparent/parent was my grandmother who lived to 94, so my number would be 101.

Mine would be 115. That sounds exhausting. My dad has already outlived his parents by five years.