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5 Ways To Estimate Life Expectancy

Estimating Life Expectancy, From Simple To Advanced Methods


Estimating life expectancy can help you make better financial decisions about Social Security, life insurance, annuities, pensions and more. Better decisions can potentially add thousands upon thousands of dollars to your lifetime income.

The life expectancy tables and calculators below are listed in order of the simplest to the most advanced methods of estimating life expectancy.

Use the links to look up your age on an actuarial table, which tells you how long on average people your age live, or use a more advanced calculator that takes into account health and lifestyle factors for both you and a spouse.

1. Simple Life Expectancy Table

If you want a quick, easy estimate, simply look up your current age on this table. It will tell you your remaining years of life expectancy.

Time required: less than 60 seconds.

2. Joint Life Expectancy Probability Table

What's the probability that either you or your spouse, or both of you, will live to a particular age? Enter your current ages on this simple excel spreadsheet.  It will instantly provide estimated life expectancy probablities.

Time required: less than 60 seconds.

3. Joint Life Expectancy Based On Health/Lifestyle Factors

Put in basic data on you and your spouse, such as height, weight, blood pressure, and smoking habits and this site will tell you the probability that one or both of you will live past a particular age.

Time required: 5 - 10 minutes to enter data for two.

4. A Customized Personalized Life Expectancy Report - Use For Planning Decisions

This company offers a customized life expectancy report for a fee. Why pay a fee to estimate life expectancy? When making decisions about life insurance, social security and annuities, you are talking about thousands of future dollars on the line. It makes sense to pay a small fee to assess risks and make a more informed decision. Their basic report starts at $30. If you have a more complicated health history, and you’re making a big decision about life insurance or annuities, you’ll want to spring for an advanced reports where they review your medical records and conduct a personal health history interview.

Time required: 10-20 minutes for simple version.

Time required: 30 minutes + for more advanced version with personal interview.

5. Want To Live Longer? Use This Life Expectancy Calculator

Many clients tell me they don’t want to live much past 80, so if you’re like them, stay away from this calculator; it will come back with personalized suggestions to help you extend your stay here on earth.

Time required: 5 -10 minutes.

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