If You Outlive Your Savings…

Everyone worries about outliving their savings. And as we live longer, the chances of doing just that are increasing.

Consider this: A 65-year-old man today has a 34% chance of living until age 90, and a 17% chance of making it to 95, according to Hartford Financial Services Group Inc., based in Hartford, Conn. Hartford's numbers suggest 65-year-old women have even better odds: a 44% chance of making it to age 90, and a 23% chance to live until 95.

If You Outlive Your Savings…
Source: Wall Street Journal (subscription required)