One of the most intimidating aspects of retirement is not knowing how long your savings will need to last. After all, in the absence of a crystal ball, it’s impossible to know whether you’ll live till your 80s, 90s, or possibly beyond.
With that in mind, you should know that according to the Social Security Administration, the average 65-year-old man today will live until age 84.3, while the average 65-year-old woman will live until 86.6. Furthermore, one in four 65-year-olds will live past the age of 90, while one in 10 will live past age 95.