Today’s chart from BlackRock shows that from 1940 to 2015 life expectancy went up 15 years and the average years spent in retirement went from six to 37.

Due to a possible 37 years to compound any bad decisions, it is important to find the right stock/bond allocations, withdrawal amounts, costs, and levels of risk, to make sure you get it right from the start.

Side Note: The article also includes a link to the Consumer Financial Protection Bureau that estimates your Social Security and how that amount changes based on when you take it.