From Yahoo Finance: 2025-05-28 05:04:00

More and more Americans are reaching 100, thanks to better health habits and medical care, but only 1 in 4 actually want to join the “century club.” Concerns about health, mobility, financial security, and outliving loved ones are common. Retirement planning for a longer life is crucial.

Research shows that a healthy American man retiring at 67 has an 8% chance of living to 100, while a healthy woman has a 13% chance. Planning for a 30-year retirement may not be enough, as more people are underestimating their longevity and need for savings.

Experts suggest aiming for a $1 million retirement fund to cover a 30-year retirement using the 4% rule. Delaying retirement and Social Security can significantly impact savings, and commercial annuities can provide a guaranteed income stream until death. Employers offering high-quality annuities as part of a 401(k) plan may change the retirement landscape.

Read more: Think you won’t live to 100? You might be wrong, and it’ll cost you.