Life expectancy calculator

Will you outlast your retirement savings?

	Men	Women
Average life expectancy for a 60 year old is:	88	91
The likelihood of a 60 year old living to this age is:	52.9%	51.8%

So the above shows you what the average age is for a male and female currently aged 60. But have you thought about just how high the chances are of living beyond the average age? Take a look for yourself to see what happens using the table below.

The table below shows you how long savings might last based on the assumptions shown at the bottom of the page. As life expectancy increases, so too does the percentage likelihood of money running out.

Likelihood of reaching this age	Male	Female	Chances of running out of money
65	97.1%	98.3%	0.0%
66	96.4%	97.8%	0.0%
67	95.7%	97.3%	0.0%
68	94.9%	96.8%	0.0%
69	94.0%	96.2%	0.0%
70	93.1%	95.6%	0.0%
71	92.1%	94.9%	0.0%
72	91.0%	94.1%	0.0%
73	89.8%	93.2%	0.0%
74	88.5%	92.3%	0.2%
75	87.1%	91.2%	0.3%
76	85.6%	90.1%	0.6%
77	83.9%	88.8%	1.2%
78	82.1%	87.4%	1.7%
79	80.1%	85.9%	3.8%
80	77.9%	84.2%	6.0%
81	75.5%	82.4%	8.9%
82	73.0%	80.4%	11.8%
83	70.2%	78.2%	13.8%
84	67.2%	75.8%	17.6%
85	63.9%	73.1%	20.5%
86	60.5%	70.2%	23.8%
87	56.8%	67.1%	26.9%
88	52.9%	63.7%	29.6%
89	48.9%	60.0%	32.8%
90	44.6%	56.0%	35.3%
91	40.3%	51.8%	37.9%
92	36.0%	47.5%	39.8%
93	31.9%	43.1%	41.7%
94	27.9%	38.6%	43.7%
95	24.2%	34.3%	45.8%
96	20.8%	30.2%	48.3%
97	17.7%	26.2%	49.9%
98	15.0%	22.5%	51.7%
99	12.5%	19.1%	53.7%
100	10.4%	16.0%	55.0%

Assumptions

Results are based on 1,000 stochastic simulations (using market conditions as at end December 2007).

60-year-old investor investing £50,000 in AEGON Scottish Equitable Investment Bond. 50/50 Cautious Managed Collection fund. Annual withdrawals of 5% (of original investment) starting immediately. Continuous Mortality Investigation – 90% ‘00’ mortality tables, projected to 2007 using ‘mid-cohort’ improvement factors with a 1% floor. Please note that these figures are only illustrative. You should assess your client's needs before making a recommendation or providing key features.

AEGON Scottish Equitable International

Will you outlast your retirement savings?