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How long did you plan for?
Old 04-27-2011, 07:42 AM   #1
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How long did you plan for?

"America's population of centenarians - already the largest in the world - has roughly doubled in the past 20 years to around 72,000 and is projected to at least double again by 2020, perhaps even increase seven-fold, according to the Census Bureau."

My Way News - Number of 100-year-olds is booming in US

It looks like I/DW are going to have to extend our retirement income plan beyond what we currently planned for - at age 100 ....
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Old 04-27-2011, 08:05 AM   #2
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Don't think my body can last till 100. 90 is stretching it, I think. I also think that the older generation (those who are 70 -100 years old now) have a better chance of a long and healthy life as they were less exposed to chemicals and pollution in their younger days. Nowadays, we grow and develop in a fast food world with higher pollution in the food we eat, water we drink and air we breathe. So, even if we have good genes, we may not necessarily live longer.
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Old 04-27-2011, 09:58 AM   #3
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My worst case scenario left enough money at age 85 to buy a life annuity. Since I retired at 59, that could be called 26 years, or it could be called "unlimited".
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Old 04-27-2011, 11:50 AM   #4
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I planned to 92 and at that point I'm well below 4% withdrawals. Ready for the new rejuvination process they will develop in 2041.
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Old 04-27-2011, 11:55 AM   #5
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I am planning out to age 97 for DW and I, but we hope we both go poof long, long before then...80 would be plenty.
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Old 04-27-2011, 11:59 AM   #6
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I planned to 92 and at that point I'm well below 4% withdrawals. Ready for the new rejuvination process they will develop in 2041.
Exactly, don't you all want to have your brains frozen so you can live again in a host body
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Old 04-27-2011, 12:05 PM   #7
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My plan goes to 92-95, but if I live to be 85 I will re-do it at that time. Part of this financial plan overhaul could involve spending about 25% on a fixed lifetime annuity, which should be pretty cheap at age 85.

Several in my family have lived to be over 100 already, so although I don't expect a life that long I do need to plan for it.
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Old 04-27-2011, 12:14 PM   #8
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Since it's basically pensions, my plan goes forever, or until a pension plan default, a catastrophic illness, or hyperinflation.
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Old 04-27-2011, 12:48 PM   #9
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Have been using 80. Averaging various relatives results in somewhere between 70 and 75. Of course that includes the suicides and the ones who drank themselves to death.
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Old 04-27-2011, 12:50 PM   #10
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My plan goes to 95, but the funds will last longer depending on the actual return. If the retirement account runs dry, there is still the pension and SS for as long as they last.
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Old 04-27-2011, 01:11 PM   #11
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I have been planning through 101, but i'm not actually expecting to last that long.
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Old 04-27-2011, 01:59 PM   #12
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I am planning for 100. As for freezing my brain, I don't want to freeze all of my brain. That's why I cull the weak cells from the herd.
(dw asked about the ones that I don't use!!)
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Old 04-27-2011, 02:02 PM   #13
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100 and hope to make it. Great-granddad was 114 and many others lived close to or over 100.
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Old 04-27-2011, 02:40 PM   #14
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Plan A is to die with more money than I have now. So I would have to say forever. In a worse case scenario Plan B involves peanut butter sandwiches and riding a bicycle.
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Old 04-27-2011, 03:30 PM   #15
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115 because spouse's grandparents all made it to trip digits.

I'm also lazy. I wanted to do the planning right the first time, and I didn't want to have to do it over again at age 98 only to discover that I'd need a Wal-Mart job to tide me over...
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Old 04-27-2011, 04:01 PM   #16
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I used 50 years for planning purposes. Since there isn't much (if any) difference) between 50 years and forever, this might as well be forever.
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Old 04-27-2011, 04:07 PM   #17
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I bought longevity insurance from Smith & Wesson.
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Old 04-27-2011, 04:09 PM   #18
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I bought longevity insurance from Smith & Wesson.
Now you just have to hope they don't go out of business before you need to pull the trigger on your policy...
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Old 04-27-2011, 04:19 PM   #19
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Planning to 100 for myself and 105 for DW. My mother hits 94 next month and my father will be 97 this summer. Both still live in their own house without any assistance.
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Old 04-27-2011, 04:25 PM   #20
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Now you just have to hope they don't go out of business before you need to pull the trigger on your policy...
nah now that he bought the 'policy' he's self insured
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