alt Hacker NewsThis doesn't know the important part. Will I live to 62 as the earliest of my ancestors died, or 98 as the latest? My family history is about average for lifespan but that is a big difference. If I live to 62 I should retire at 50 - or perhaps I shouldn't have bothered saving at all since the growth isn't there. Of medical advances make me love to 150 I should save until I'm 80 which will be a nice income to really enjoy the rest of my life.
I want more defined benefit accounts, but they are hard to find
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That's in the full planner, just not the Quick Check. Horizons are sampled per person from actuarial mortality tables, so you get a distribution of lifespans rather than one guessed end age. You can also pin a fixed age and run your 62 and your 98 separately, which given that spread is probably worth doing.
So the thing is that no one knows that part.