Reply to thankful for what I have, but fear we will never retire

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am in my [b]late 40s and expect to be working another 20 years[/b]. It seems a long way off, and yet it also seems reasonable, in a way, because there's no logical reason I should be able to work for fewer years than I will spend in retirement. I'm imagining working for a total of about 40 years and [b]being retired for about 30 [/b]-- that's a lot of years to save for. [/quote]

Do you plan to live into your late 90s?[/quote]

Not the PP but [b]21 plus 40 plus 30 = 91.[/b]  It's pretty reasonable to plan to live that long.  Seems like most of the women in my family have held on until their late 80's and one grandmother died at 99.  Although as one of my b-school colleagues working at investment management company said in 2008 when asked about retirement strategies post crash - work longer and die earlier.

I plan to retire at about 65 but want to work less between now and then.  We just refinanced our mortgage for a shorter term so we will be paid off at 65.  Have saved for college already so all savings now is focused on retirement. [/quote]

PP said she is in her LATE 40s.  Therefore 48+20=68 (retirement age for PP), +30 years = 98.

It is rare to live that long.  Still, yes, it happens, and it can't hurt to plan for it.[/quote]

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