I’m serious. I need somebody good at math for the following problem, which I started to discuss here:
10,000 people reaching age 65 are retiring every day.
“According to data compiled by the Social Security Administration:
A man reaching age 65 today can expect to live, on average, until age 84.3.
A woman turning age 65 today can expect to live, on average, until age 86.6.
And those are just averages. About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age 95.”
There it is in BOLD. Can you give me the answer as to how many that is?
As I have written in the comments to the original post, I didn’t take in what a staggering statement that one in bold (emphasis added by me) is. One in four doesn’t sound like much, and neither does one in 10. But the scale of it has left the part of my mind that handles math weak. How much are you saving towards retirement? Will you be the one out of four or the one out of ten? Do you realize that’s another third of your life?!