| Age at Retirement | Average Age At Death |
| 49.9 | 86 |
| 51.2 | 85.3 |
| 52.5 | 84.6 |
| 53.8 | 83.9 |
| 55.1 | 83.2 |
| 56.4 | 82.5 |
| 57.2 | 81.4 |
| 58.3 | 80 |
| 59.2 | 78.5 |
| 60.1 | 76.8 |
| 61 | 74.5 |
| 62.1 | 71.8 |
| 63.1 | 69.3 |
| 64.1 | 67.9 |
| 65.2 | 66.8 |
*source from Dr. Ephrem (Siao Chung) Cheng
Friday, October 19, 2007
Retirement Age VS. Life Expectancy
This is a very interesting chart on the age at which you retire versus your life expectancy after retirement. The trend generally is showing that the earlier you retire, the longer your life expectancy is. I guess my ultimate goal would be an early retirement, but who's isn't? Retiring at 66 and dying at 67 seems very sad at the fact that you've worked your entire life...only to retire and enjoy yourself for 1 year until your time is up.
*source from Dr. Ephrem (Siao Chung) Cheng
*source from Dr. Ephrem (Siao Chung) Cheng
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2 comments:
I think this data hides the reality that people retiring sooner are likely doing so because they made more money overall. Those retiring later may be scraping by. More money = greater ability to spend on health care and healthy food that actually tastes good. Hence, greater life expectancy.
Healthy food is not expensive, but is IS expensive if you want it to taste good. Lentils are cheap and healthy, but it takes a lot of work to make them taste as good as a pizza.
Unhealthy food can easily be had for cheap - and very frequently tastes good. (e.g. doughnuts)
Also, if you retire at 50, you can't yet use your Roth or 401(k) money. So you would need some dollars saved up specifically for use in the between 50-65 period.
My father retired at 60, died at 65. There are many dollars that he saved but never got to spend. If you do focus on accumulation, don't do it at the expense of enjoying life. (Though, I'm not saying HE didn't enjoy life. And of course, while spending dollars does not equal happiness, overdoing frugality doesn't equal it either!)
They have big problems in the UK - people are living longer than ever before and the pension pot is diminishing!
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