Northwestern Mutual unveils new retirement financial formula

To assist individuals in calculating how much they will need to provide for themselves and their families after retirement, Northwestern Mutual has created a new Lifespan Calculator – an online survey designed to tell participants how long they might live.

“If people can estimate how long they’re going to live, they can take control of their financial future sooner rather than later and think about ways to make their life savings last,” said Meridee Maynard, senior vice president. “Living a longer life is wonderful on many levels, but it’s important for people to take a holistic look at lifestyle, health and financial challenges.”

The Lifespan Calculator asks questions about diet, exercise, drinking, smoking and stress to estimate life expectancy. To take the quiz, click here.

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