There is a major correlation between an individual's subjective life expectancy and when he expects to retire, according to a study by the Center for Retirement Research at Boston College.
As individuals become more optimistic about living past age 75, they extend their planned retirement dates and increase their expectations about working to the milestone ages of 62, 65 or Social Security's full retirement age.
The study also examined the relationship between subjective life expectancy and actual retirement behaviors and found that subjective life expectancy impacts the actual retirement behavior to a lesser degree than it impacts retirement expectations.
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