How long will you live in your retirement years?

According to The Center for Retirement Research at Boston College, a person who retired at age 65 in 1970 could expect to live another 13 years during their retirement. They likely had a pension to add to their Social Security to cover expenses during those retirement years.

Someone who retires in 2020, at the same age of 65, can expect to see their retirement last 19 years. And there’s usually no pension or other retirement savings.

And someone who retires at age 65 in 2030 can reasonably expect 20 years of retirement. That’s 20 years of no income except what you have saved and, hopefully, some Social Security.

Are you saving enough for your retirement years?

The goal, after all, is to live the best you can during your retirement years, without running out of money.

Below you will find a summary of statistics from The Center for Retirement Research on Average Years in Retirement by year and age retired:

Average Years in Retirement, 1962-2050 (from

So the question we should all be asking ourselves, “have I saved enough for MY retirement?”

We don’t have a time machine, so we can’t send you back to your youth to save more, but if you are at or near retirement, the team at Texas Financial and Retirement can work with you on a customized plan to help you make the most of your retirement years. We create a written plan to assist you in making sure you have the highest possible income during your retirement years and insuring your surviving spouse or other heirs pay the least possible legal tax burden upon inheriting your estate.

Call us at (903) 534-5477 or email us at to request a free initial consultation. We’d like to help you to get retirement right.