How Likely Are You To Live Past 80?
Last time, we talked about mitigating longevity risk in retirement by using planning ages.
The second general approach to dealing with the question of longevity and sustainable spending is to leave the concept of planning horizons behind and simply incorporate survival probabilities into calculations.
Pfau, Wade D. PhD, "How Likely Are You To Live Past 80?" (2017). Faculty Publications. 770.