The Retirement Time Bomb: How Boomers Are Failing to Plan for a Long Life A recent survey by Western & Southern Financial Group reveals that most Americans expect their savings to run out 79 years before they die.
This "longevity gap" is more pronounced among baby boomers, who are either approaching retirement or already there.
According to the data, four in ten boomers expect to live to 90 or older, yet only one in seven are planning for a retirement lasting more than 30 years.