While often celebrated as an indicator of development and medical advances, increased longevity has become an additional risk to consider when planning for retirement. Increased longevity can mean living longer past your retirement age than initially planned and exhausting your resources too early.
The Life Expectancy Calculator calculator, provided by the Social Security Administration, can show you the average number of additional years a person can expect to live, based only on the gender and date of birth you enter. This information can help you make a more informed prediction about the costs you can expect to accrue after retirement.
Click here to use the calculator.