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Old 12-23-2019, 08:13 PM   #21
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I use 100. I take after my father's side of the family, most of whom lived into their 90's, with one great-aunt living until 105.

My mother's side of the family tends to die much younger (60's - 70's) but that is largely due to unhealthy lifestyles and foolish decisions.

I take after my father's hardy New England stock both temperamentally and genetically, so I am planning for the long haul. If I kick off before then, some animal charities will reap the rewards.
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Old 12-23-2019, 08:56 PM   #22
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We use 93 for me and 100 for DH. After seeing my parents at 80, 93 feels optimistic. DH’s mom is still going strong at 95, but needs a lot of help. We’re hedging our bets with a plan that assumes zero downsizing, so higher annual spend and a much larger house than makes sense.

My hope is that we can underspend in the earlier years and have a bigger buffer in our 60s and 70s. If not, we’ll likely downsize at that point.
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Old 12-24-2019, 12:23 AM   #23
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I always plan for the worst case - living forever. If my expected dividend flow ever stops growing faster than inflation (depression, hyper-inflation, asteroid strike), I will reduce spending as necessary.
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Old 12-24-2019, 02:49 AM   #24
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I always plan for the worst case - living forever. If my expected dividend flow ever stops growing faster than inflation (depression, hyper-inflation, asteroid strike), I will reduce spending as necessary.
+ 1

given that i was never supposed to be conceived , go full term or survive birth and the good die young ... i might be truly immortal

just in case i am planning to resist any draw-down on the investment portfolio ( and if i am lucky maybe even grow it a little more )
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Old 12-24-2019, 03:49 AM   #25
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I think estimated life span is just one variable in terms of how aggressive/conservative your plan is.

My current planning is quite conservative in all respects:

95/95 years old
3-3.25% Constant WD
No Social Security in the model

Odds are my kids and some charities make out quite well. Odds also are that I won't be a burden on my kids or society. I'm good with that.

Side note: I do think we're on the cusp of breath taking (society altering?) medical advances that extend both healthspan (how long you can keep living a vibrant life) and lifespan (how long your heart keeps pumping). We have already been through several family situations where everyone is simply praying that someone will finally pass and be out of their misery at the end of a long life (without life extending measures). Within a generation we will be having "are people living too long?" cultural conversations.
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Old 12-24-2019, 08:59 AM   #26
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I use 96 for both of us, but we have a plan excess at the end so the effective age is even higher.
With the runup in the S&P, our end date is well beyond 100 but will brings it back to earth with donations/gifts.
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