Outliving your money is the biggest nightmare for most retirees. In fact, 64% of U.S. adults surveyed by Allianz Life said they were more afraid of running out of money in retirement than dying [1]. Must Read But for some retirees, this fear is so crippling that it compels them to chronically underspend and end up with more money than they started with. In fact, an ultra-frugal retiree with $1 million can actually end up with $2 million or more by the end of their life. Underspending As a general rul ...