April 2025
How long will you live in retirement? Individuals can’t answer this question with certainty because they don’t know how long they’ll live in general, and this makes planning and preparing for retirement inherently difficult. However, individuals have expectations about how long they’ll live and expectations about when they’ll retire. So, at least implicitly, they have expectations about how long they’ll live in retirement. Such expectations may in turn influence retirement-related decisions.
This report uses 2024 TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) survey data to examine several interrelated longevity and retirement questions.