QuoteIn essence, you'll need to save enough – if you want the same standard of living in retirement as you had while working – to fund a much longer retirement than you might have anticipated.
http://www.marketwatch.com/story/how-to-fund-a-long-retirement-2017-01-10
Some good numbers in this article. It's not as inane as the headline sounds.
Time to start smoking and stop exercising
QuoteThe people who are predisposed to live longer are really at most risk here
Back in 2011, I wrote a js retirement calculator for couples --basically a hacked & tortured spreadsheet that could individually specify & apply inflation/depreciation/interest to a column. Then I poured my balance sheet into it, choosing some reasonable times for asset sales, major purchases, etc. I chose 91 as the DOD (and took flak from Louise on that). I've been using those numbers and delayed SSA until 70, continued working, yada-yada.
We *might* squeak by.
Retirement is B$
You can always find the time to MAKE MONEY