Don’t put too much focus on average life expectancy
The majority of people use average life expectancy numbers to figure out how long their savings will need to last during retirement. But what if you live longer than average? In that case, you can run out of all your money when you are over 84 (if a man) or 86.5 (if a woman).
The best way to avoid this trap is by planning for five to 10 years longer than your average life expectancy.