Research shows that most retirees and pre-retirees tend to underestimate how long they might live. Huge mistake. If you build a nest egg and plan to spend it down on the assumption you’ll live to 85 but you make it 95, those extra 10 years could be grim. Fortunately, a new easy-to-use tool can give you a better sense of how long you might be around, which can help you better gauge how much you should save during your career and also ensure you don’t outlive what you’ve managed to put away.
Read the full article at Money.