Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-15-2013, 08:36 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,988
102.

Parents passed at 88 and 89. Uncle died at 94. Aunt still alive at 95.

Things I've read say that medical and healthcare developments could result in our generation outliving our parents' generation by ~10 years.


omni
__________________

__________________
omni550 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-15-2013, 08:39 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,983
I use 95. DW's Mom is 86 and my parents are both 91, all still ticking...albeit slower.
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 06-15-2013, 08:56 AM   #23
Full time employment: Posting here.
JakeBrake's Avatar
 
Join Date: Sep 2008
Location: Southeast USA
Posts: 548
I was looking for a birthday card at a Big Lots store the other day. I noticed they had a 100 year birthday card section.

Now, I might expect to see a 100 year birthday card section at a health food store or a store that deals in physical fitness products, But, Big Lots?

This tells me that there must be a big lot of people having a 100 year birthday.

FYI, I use 100 as my life expectancy. Even though none of my immediate male ancestors(father, grandfathers, and uncles) lived to be older than 74. They're all dead now. Note that I only use my male ancestors to estimate my life expectancy.

On the other hand DW's grandmother lived to be 106. She lived in a log cabin way out in the country until she had to move to a nursing home for her last several years.
__________________
Matthew 6:34 (KJV)
Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself. Sufficient unto the day is the evil thereof.
JakeBrake is offline   Reply With Quote
Old 06-15-2013, 09:00 AM   #24
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,988
Quote:
Originally Posted by JakeBrake View Post
I was looking for a birthday card at a Big Lots store the other day. I noticed they had a 100 year birthday card section.

Now, I might expect to see a 100 year birthday card section at a health food store or a store that deals in physical fitness products, But, Big Lots?

This tells me that there must be a big lot of people having a 100 year birthday.

"Centenarians are the fastest-growing demographic in much of the developed world. By 2030 it is expected that there will be around a million centenarians worldwide."

Research into centenarians - Wikipedia, the free encyclopedia

omni
__________________
omni550 is offline   Reply With Quote
Old 06-15-2013, 09:09 AM   #25
Recycles dryer sheets
 
Join Date: Apr 2013
Location: Jacksonville
Posts: 222
I usually guess around 100. I don't have much genetics to go off of, most of my family members died from stabbing, military service, non-genetic diseases, etc. My two oldest living relatives are getting up there, my grandmother's sister on my fathers side being in her 90s, and my great grandmother's sister on my mothers side also in her 90s.

But it doesn't seem like enough data, so I based it partially off of my livingto100.com score of 97, and that most sources think that women born in 1993 are suspected to have a 25-30% chance of living to 100, and that's just too high not to plan for. I suspect it'll be a lot more common to see that age around in the 2090's.
__________________
Arifriekinel is offline   Reply With Quote
Old 06-15-2013, 09:30 AM   #26
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
At birth, our life expectancy was 65, so we retired @53, and planned for 84...

Now, after 24+ years of unemployment, and getting nearer to that goal, the revision is to age 90, and so far, so good. Another 24 years would make us 101.

The best part, is not thinking about or worrying about the money part. The mind will be gone before the money, and it won't matter.
__________________
Today is the oldest you've ever been, and the youngest you'll ever be again. - Eleanor Roosevelt
imoldernu is offline   Reply With Quote
Old 06-15-2013, 09:44 AM   #27
Recycles dryer sheets
 
Join Date: Jan 2013
Posts: 96
I use 100 and I am optimistic that living a healthy and active lifestyle will get me there. It is motivating to read how so many of the common aging maladies can be minimized through choices we can all make. There are no guarantees, but like with investing, I'll go with what has the best probabilities of generating results.
__________________
enjoyinglife102 is offline   Reply With Quote
Old 06-15-2013, 10:42 AM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,907
Quote:
Originally Posted by JakeBrake View Post
..........
Now, I might expect to see a 100 year birthday card section at a health food store or a store that deals in physical fitness products, But, Big Lots?
..........
Doesn't Big Lots rely on buying ill conceived merchandise that can't be sold in a regular store?
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 06-15-2013, 10:45 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,907
Quote:
Originally Posted by bld999 View Post
Now that's taking charge...make those variables dance to your tune!
Measure it with a micrometer, mark it with chalk, cut it with an axe. How accurate do you think these are estimators are?
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 06-15-2013, 11:20 AM   #30
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,131
When I first ER'ed a couple of years ago, I was using 40 years as the time-span when using Firecalc, which would have taken me through to 87. Thing is - who of us sets our WR at the beginning of our retirement, and sticks to it religiously until we go to meet our maker?

I figure I have room for adjustment either way as I age, depending on whether I'm doing well, or not so well.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is online now   Reply With Quote
Old 06-15-2013, 12:07 PM   #31
Full time employment: Posting here.
martyp's Avatar
 
Join Date: Sep 2010
Location: Bangkok
Posts: 963
Last year I took a class on aging from a physician. The basic message from the class was that the human lifespan was about 100yrs. The goal of contemporary medicine wasn't to extend lifespan but to keep you as healthy as possible up to that point.

For planning purposes I use 85 yrs. 90 if I'm in a good mood.
__________________
Happy, Wild, and Free
martyp is offline   Reply With Quote
Old 06-15-2013, 12:12 PM   #32
Recycles dryer sheets
cranberryjoe's Avatar
 
Join Date: May 2013
Location: Western US
Posts: 115
I use 95 for planning, but my family history is all over the map. My parents lived to 83 and 84 but succumbed to smoking-related illnesses while I do not smoke. Mom's parents lived to 38 and 67 while Dad's parents lived to 57 and 97. Mom's grandparents tended to die young (30's to 60's) while my long-living grandmother's parents lived to 88 and 91, so if I got her genes I could keep on going and going and going...
__________________
Grow older, not up
cranberryjoe is offline   Reply With Quote
Old 06-15-2013, 12:21 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,300
JMO, but I think too many people are putting too much importance on ancestors and various LE calculators. Those are fine when applied to groups, but how important are they to an individual?

I like the vanguard interactive report on LE at various ages as a reference, a kind of reality check. And planning for a 40 year plus time span gets you close to a 'forever' portfolio, so it all merges to a diminishing point anyhow.

-ERD50
__________________
ERD50 is online now   Reply With Quote
Old 06-15-2013, 12:33 PM   #34
Recycles dryer sheets
arky's Avatar
 
Join Date: Jan 2012
Location: Colorado
Posts: 236
My paternal grandfather and my father made it to 95 and 96, respectively. So, that is what I have planned for.
__________________
Don't you know that dynamite always blows down ? --- Moe to Curly
arky is online now   Reply With Quote
Old 06-15-2013, 12:42 PM   #35
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
Quote:
Originally Posted by ERD50 View Post
JMO, but I think too many people are putting too much importance on ancestors and various LE calculators. Those are fine when applied to groups, but how important are they to an individual?

I like the vanguard interactive report on LE at various ages as a reference, a kind of reality check. And planning for a 40 year plus time span gets you close to a 'forever' portfolio, so it all merges to a diminishing point anyhow.

-ERD50
Good points !
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is online now   Reply With Quote
Old 06-15-2013, 01:03 PM   #36
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,152
I looked at the statistical tables for males. And then I added some years for the fact that I try to be healthy, don't smoke, am well educated, and as time passes life expectancy should continue to increase.

On the other hand I live in a developing country and drive a motorbike.

I am 47 year old male so I use 87 for planning purposes.

I consider 87 to be something like the 75th percentile, that is, I will live beyond that age only 25% of the time.
__________________
kramer is offline   Reply With Quote
Old 06-15-2013, 01:19 PM   #37
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,131
Quote:
Originally Posted by ERD50 View Post
And planning for a 40 year plus time span gets you close to a 'forever' portfolio, so it all merges to a diminishing point anyhow.

-ERD50
My thoughts too, though you expressed it with greater clarity than I did.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is online now   Reply With Quote
Old 06-15-2013, 07:39 PM   #38
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
Originally planned on 80, now considering 70.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 06-15-2013, 07:45 PM   #39
Recycles dryer sheets
 
Join Date: Jun 2012
Location: Seattle
Posts: 79
We use 90, or 35+ years of retirement. Neither DW or I have any relatives that lived past 85, though. Most gone in their early seventies, several generations back. Lifestyle calculators say on average 84, 78 respectively, for her and I. That, plus we'll have 110%+ of basic expenses covered by SS, pensions and COLA'd annuities. So that's why we're taking SS early, probably.
__________________
jime444 is offline   Reply With Quote
Old 06-15-2013, 08:22 PM   #40
Recycles dryer sheets
truenorth418's Avatar
 
Join Date: Sep 2011
Location: New York
Posts: 484
95. 100% firecalc result.

Mom died at 63 but Dad still going strong at 82.
__________________

__________________
truenorth418 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 12:45 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.