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What Makes a Happy Retirement? (Steve Vernon)

What Makes a Happy Retirement? (Steve Vernon)

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Published by: National Press Foundation on Apr 08, 2011
Copyright:Attribution Non-commercial

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11/14/2013

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1
live long & prosper!live long & prosper!
Retirement Issues in the 21
st
CenturyNational Press FoundationMay 22, 2006
by
Steve Vernon
personal retirementactuary
2
 
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sobering reality for the average American
$100,000
average 401(k) balance for 50 and 60 year-olds
$5,000
annual draw to minimize chances of outliving money
 
4
sobering reality - another look
 
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6
how much is enough?
 
7
 
8
happinesshappinesshealthhealthwealthwealth
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rest-of-life
 
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www.restoflife.com
 
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there’s a lot of life left!average remaining years of life
05101520253035
a  g  e   5   0  a  g  e   5   5   a  g  e   6   0  a  g  e   6   5   a  g  e   7   0  
menwomen
current agesource: RP-2000mortality table
 
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getting it right can add five to seven yearsof life to the average, for males
0510152025303540
a  g  e   5   0  a  g  e   5   5   a  g  e   6   0  a  g  e   6   5   a  g  e   7   0  
average getting it right
source: RP-2000mortality table
 
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getting it wrong can subtract five or sixyears of life from the average, for males
0510152025303540
a  g  e   5   0  a  g  e   5   5   a  g  e   6   5   a  g  e   6   5   a  g  e   7   0  
getting it wrong average getting it right
source: RP-2000 mortality table
 
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there’s an 11 to 13 year spread betweengetting it right, and getting it wrong!
0510152025303540
a  g  e   5   0  a  g  e   5   5   a  g  e   6   5   a  g  e   6   5   a  g  e   7   0  
getting it wrong average getting it right
source: RP-2000 mortality table
 
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getting it right
 
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getting it right
 
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getting it wrong
 
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getting it wrong

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