Life Expectancy Calculator: Determine Your Longevity For Retirement

Shawn Plummer

CEO, The Annuity Expert

Are you interested in finding out how long you will live? With our Life Expectancy Calculator, you can determine your longevity. This tool is based on scientific data and considers your age, sex, and lifestyle habits. It is important to know your life expectancy, as it can help you make informed decisions about your health. Use our calculator to understand better how long you will live!

How Long Will I Live? – Life Expectancy Calculator

The amount you need for retirement greatly fluctuates depending on your anticipated lifespan. This calculator uses current age, smoking habits, gender, and other lifestyle choices to estimate better how long you can expect to live.

Retirement Savings Longevity Calculator

Retirement planning is a tricky business. There are so many variables to consider, and it can be difficult to know where to start. One of the most important considerations is life expectancy. Obviously, the longer you expect to live, the more money you will need to cover your costs. However, predicting your life expectancy can be difficult, and even small changes can impact your retirement plans.

This Retirement Savings Longevity Calculator can help. It uses an annuity to distribute your retirement savings and provides a guaranteed paycheck for life, regardless of how long you live. As a result, it can give you a much more accurate estimation of how much money you will need in retirement. And that can make all the difference when it comes time to hang up your work boots for good.

Note: You can purchase an annuity (with no tax penalties) with your 401(k), IRAs, retirement accounts, investments, and cash.

A Lifetime Withdrawal Comparison

Historically financial advisors recommend withdrawing 4% from your retirement plans and adjusting for inflation. However, the 4% rule has been debunked as a safe withdrawal rate. New research concludes as low as 2.8% is the new rule. The following table compares rolling your savings into a new annuity with withdrawing income yourself or utilizing an advisor.

FeaturesAnnuity401(k)IRARoth IRA
Withdrawal Percentage5.20% – 6.55%4%4%4%
Can Income Increase?YesYesYesYes
Can Income Decrease?NoYesYesYes
How Long Will Money Last?Lifetime30 Years+30 Years+30 Years+
Annual Fees0 – 1.50%1% – 4%1% – 4%1% – 4%
TaxationTaxable/Tax-FreeTaxableTaxableTax-Free
Death BenefitAccount BalanceAccount BalanceAccount BalanceAccount Balance

Example: A 60-year-old retiree starts withdrawing immediately from their $1 million portfolio, they would receive:

Protect Your Loved One From Death Calculator

Use affordable life insurance to protect your beneficiaries from a very temporary lifespan.

Term Life Insurance No Medical Exam
Life Insurance No Exam
No Medical Exam Life Insurance

Next Steps

Retirement planning is a tricky business, but annuities can help. An annuity provides a guaranteed paycheck for life, regardless of how long you live, which means it can give you a much more accurate estimation of how much money you will need in retirement. Contact us for a quote and see how an annuity could impact your retirement plans.

How Long Will I Live? A Life Expectancy Calculator: Determine Your Longevity For Retirement, So You Don'T Run Out Of Money.

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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