When looking out into your future, it’s important to consider the likelihood that you will live for many years. This chart shows the probability of living beyond a certain number of years starting from your retirement age or your current age if you are already retired. The information is intended to provide reasonable estimates; however, you or your spouse/partner’s actual lifetime can differ significantly from these estimates, either above or below.
For instance, you may be comfortable setting your planning horizon to consider the period until there is only a 25% chance that you will live longer than the number of years indicated by the bar. In this case, based on the chart, you would set your planning horizon for 30 years. If you want to be more cautious, you might set your planning horizon such that there is only a 10% chance you will live longer (34 years from the chart).
Note that these probabilities are calculated from your retirement age. If you are not currently retired, the ALI assumes that you will live to your retirement age.
Probability | John Doe |
90% | 8 |
75% | 16 |
50% | 24 |
25% | 30 |
10% | 34 |