It’s the big question at the heart of all retirement planning: how long will you live, and by extension, how long should your money last?

But you don’t need to tie yourself up in existential—or actuarial—knots trying to answer the unanswerable, financial advisors say. You just need to plan to live for a really long time. “We don’t run any of our financial plans to less than age 95 for expected date of death,” says Ed Vargo, a certified financial planner in Westlake, Ohio. “For our youngest clients, it’s 100.”

About a quarter of today’s 65-year-olds will live past age 90, and one out of 10 will live past age 95, according to the Social Security Administration. The stakes are high if you think you could never be one of them: You could run out of money at a stage of life when you can’t go back to work and make more.

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Written By: Elizabeth O’Brien

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