Thread: How Long Will You Live?

Here is another "life expectancy calculator". It is based on some actual lifespan data.

https://www.projectbiglife.ca/life-e...ncy-calculator

It says I better hurry up and retire, so I can use some of that TSP money before I go.

i've done several of these types of calculators- some from Insurance companies (who have actuarial data tables to make themselves a profit) and some from banks, or from loan companies.

They all pretty much say anywhere from age 60 to age 72. (I'm a fat guy who doesn't exercise).

So I better hurry up and retire, and start spending that cash while I can.
(That one says 71. I'm 59 now).

I like the ones that say I need to save enough for 20 - 25 years of retirement.
That way if I don't retire until later in life I get to live longer. \s

How long will I live?

The only right answer is; "Until I die".

According to the calculator James48843 posted, it says my life expectancy is 85, but I'm planning for triple digits.

IRS Life Expectancy Tables go to 115+ https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

Using TSP Payment Calculator with current age 56, single, $600K and 6% RoR (for example purposes only), it looks like monthly payments peak at age 95 and decline from there. At age 108 the balance drops below $100K and at 111 your payments drops below the original payment. https://www.tsp.gov/PlanningTools/Ca...ependentAge=23 Select the combined view showing chart and table.

Looks like 110 is a good target You can change to fit your particular situation.

I am afraid to look at those life expectancy calculators. The mind is a powerful thing and a suggestion like that could set the wheels in motion.

Originally Posted by evilanne

According to the calculator James48843 posted, it says my life expectancy is 85, but I'm planning for triple digits.

IRS Life Expectancy Tables go to 115+ https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

Using TSP Payment Calculator with current age 56, single, $600K and 6% RoR (for example purposes only), it looks like monthly payments peak at age 95 and decline from there. At age 108 the balance drops below $100K and at 111 your payments drops below the original payment. https://www.tsp.gov/PlanningTools/Ca...ependentAge=23 Select the combined view showing chart and table.

Looks like 110 is a good target You can change to fit your particular situation.

3 of 4 grandparents made it into their 90s, a great grandmother also. One of them even made it to 105. Parents and their siblings in their mid-80s. I'd rather plan conservatively so as to not run out. 105 it is, though I don't realistically think that is in my future. If I go sooner, there may be something left to pass on to the next generation.

Originally Posted by alevin

3 of 4 grandparents made it into their 90s, a great grandmother also. One of them even made it to 105. Parents and their siblings in their mid-80s. I'd rather plan conservatively so as to not run out. 105 it is, though I don't realistically think that is in my future. If I go sooner, there may be something left to pass on to the next generation.

Wow sounds like you have good genes! Good to plan long-term! My family has a wide range of ages of death. Men usually die in their sixties. Women usually live up into their nineties. Good luck with your planning!

Thanks James for the calculator. I am happy with 78 (per your calculator),4 years more than my parents . If I quit smoking now and do some light exercises, it might add 2-6 years to my life expectancy.

Note to all: even though “my” particular reading on that calculator says “Age 71”- you all know I am a bit on the wild and care free side- I would also note that I ran another calculator run by an insurance company, and that one said I was going to be dead within 12 months! HA! WTF do they know???

I plan to be kicking for quite a while longer. But I DO know that I am NOT going to be extra frugal when it comes tine to start spending this nest egg I have been working on for 30 years. I’m going to do it up with a bang.

Anybody want to join me this coming summer for a couple of weeks cruising on a nice 42’ sailboat in the Caribbean? Or perhaps later in the year around southern France, Spain and Portugal?

I am thinking of making a few two-week long adventures for two other couples- to have some retirement adventure. Anybody seriously interested?

No details yet- I’m just tossing this out there for discussion.

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Oh, and HERE is the Life Span Calculator, from an insurance company, that says I have a very short time left before I kick the bucket:


https://media.nmfn.com/tnetwork/lifespan/#0

I’m betting I’m going to leave that one in the dust.

Ashes to ashes, dust to dust- I’m going to outlive that insurance company prediction. I must!


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90!oldman.gif