*COVID-19 ("Coronavirus") Announcement: Local Social Security offices are offering more in-person appointments and have resumed in-person service for people without an appointment. As in-person services expand, it is strongly encouraged to continue to go online, call for help, and schedule appointments in advance. Learn more here.
No one knows how long they will live and so to be on the safe side experts agree that when planning for retirement, you should plan for a long life expectancy. Many of us will live much longer than the "average" retiree.
About one out of every four 65-year-olds today will live past the age of 90. Social Security benefits provide valuable protection against outliving savings and other sources of retirement income, but it was never intended to provide all the money needed for a secure retirement.