Laid off at 62 and want to stop working — is $1.3M enough to retire in 2026? Here’s how the numbers break down

Hector and Juana might not be so worried about outliving their retirement savings because they have already hit an important — if arbitrary — retirement goal.Of course, these are just averages, but one of the biggest risks to any retirement plan is outliving your savings.Meanwhile, life expectancy is increasing. That means the number of years between retirement and death is growing, making retirements longer. According to the Social Security Administration, the average 65-year-old woman in the U.S. has 20.1 ...