Longevity

August 08th, 2018


According to the latest data from the National Vital Statistics Reports (August 2017, reporting on 2014 experience), a male age 65 should expect to live 18 more years (to age 83) and a female 20.6 years (to age 85.6). Half of 65-year-olds will die sooner, half later.


QUESTION:
I’m turning 65 this year and thinking about retirement.  How long should I plan for?

ANSWER:
According to the latest data from the National Vital Statistics Reports (August 2017, reporting on 2014 experience), a male age 65 should expect to live 18 more years (to age 83) and a female 20.6 years (to age 85.6).  Half of 65-year-olds will die sooner, half later.

That tells us nothing about you, of course. How’s your health? Your family history?  You’ll want to take these into account, and you probably should plan for longer than you expect to live.

Here’s another way to look at the numbers from that report.  For every 100,000 men, how many reach age 85?  35,518 men do.  For every 100,000 women, 49,225 reach age 65.  Mortality increases precipitously after that, as shown in the table below.

Number of survivors of 100,000 people

At age

Men

Women

75

64,066

75,495

80

51,407

64,616

85

35,518

49,225

90

18,649

30,228

95

6,214

12,697

100

1,077

2,974


Source: National Vital Statistics Report, Volume 66 Number 4, August 14, 2017

(August 2018)
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Legal, Investment and Tax Notice: This information is not intended to be and should not be treated as legal advice or tax advice. Readers should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal or tax advice from their own counsel.