Q. For retirement planning, how long should I plan the number of years after retirement?
A. Thanks to healthier lifestyles and breakthroughs in medical technology, life expectancy for Americans has increased significantly during the past half-century. While it's good news that you can expect to live longer in retirement and have a better quality of life, it also means your investment portfolio may need to last for 30 years or more.
Vanguard has a very good online longevity calculator to help you figure out the probability of living to a certain age, from where you are today. You can even including your spouse's information for couple's retirement planning.
A. Thanks to healthier lifestyles and breakthroughs in medical technology, life expectancy for Americans has increased significantly during the past half-century. While it's good news that you can expect to live longer in retirement and have a better quality of life, it also means your investment portfolio may need to last for 30 years or more.
Vanguard has a very good online longevity calculator to help you figure out the probability of living to a certain age, from where you are today. You can even including your spouse's information for couple's retirement planning.
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