NEW YORK ( TheStreet) -- A generation ago, it was rare for anyone to live to 100 years of age. But now when a couple reaches 65, there is a 10% chance that at least one of the partners will live to 100, according to recent data from the Society of Actuaries. There is a 1% chance that one partner will reach 107.The gains in life expectancy present a challenge for anyone who is developing a retirement plan. To maintain comfortable living standards, retirees may require savings that can cover expenses for four decades. But many planners fail to consider the new data on life expectancy.
Retirement Planning: How Long Will You Live?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.