Question 1

What are the chances you'll outlast your savings?

What do you think the chances are of one partner in a healthy 60-year-old couple living for 37 years in retirement?

That's right.

There's a 1 in 4, or 25%, chance that one partner in a healthy 60-year-old couple will have to make their retirement savings work for 36 years.


What are the chances of living until 100?

Men

Years in retirement if they retire at 60

0 - 28 years 50% chance, 29 - 34 years 25% chance, 35 - 40 years 10% chance

Women

Years in retirement if they retire at 60

0 - 31 years 50% chance, 32 - 37 years 25% chance, 38 - 40 years 10% chance

Source: Continuous Mortality Investigation - 90% '00' mortality tables, projected to 2007 using 'mid-cohort' improvement factors with a 1% floor.