Welcome to the SOA Research Institute International Longevity Illustrator
How long you might live (or longevity) is often misunderstood and it is one of the most important factors when planning for a secure retirement.
Longevity is different from life expectancy. Life expectancy is how long an individual of your age and sex would be anticipated to live on average, but many people will live longer than their life expectancy. Thinking about this possibility (or longevity) will help you consider the chance of running out of money during your lifetime. This tool helps you to plan by showing you how long you might live.
If your household involves two people, there are many possibilities. This tool helps you consider: “How long can we expect to live as a couple?” and “By how many years might one of us outlive the other?”
The Society of Actuaries Research Institute has developed this longevity illustrator as an educational tool. While it reasonably estimates longevity based on average expectations, you or your spouse or partner’s actual lifetime could be significantly longer or shorter than these estimates. The longevity illustrator is not designed to address your finances, only the length of time your financial resources might need to last.
How it works
You answer a few simple questions, and the International Longevity Illustrator shows you the probability that you (and your spouse/partner, if applicable) may live to different ages. The results can help you understand your potential risk of running out of money in retirement.
How This Tool Works
1. Answer Questions
Answer a few simple questions about you and your spouse or partner, if applicable.
This tool calculates probabilities that you (and your spouse or partner, if applicable) may live to different ages.
3. View Results
Results are displayed in tables and graphs that can help you understand your potential risk of running out of money in retirement.