Poll: Age of Death for Retirement Planning

[Totoro]

+1 on that.

The "nice thing" about being 85 is one has a rather short life expectancy left with a very high variability. So it starts making sense to go collective insurance.

200/25k = 8 years payback. In the highly improbably case one achieves 110, you're double-plus good.

 

[panacea]

I use age 93 for myself and 97 for DW, which is pretty conservative given our family history. There are enough other variables in our plan that add more cushion if we live longer than expected (possible inheritance, low return assumptions, etc.).