If you don't have a pension, or your pension is too small, consider creating your own pension using an immediate annuity (aka single premium income annuity).
Life Expectancies: Mortality Rates for 65 Year Old Males
|Mortality Rates for 65 Year-Old Males|
Here's another way to look at the life expectancy problem. The graph above shows the mortality rates for a hypothetical population of males who are exactly 65 years old. The bar at age 65 indicates that 1.7% of this group would be expected to die while still 65 -- i.e., before reaching age 66. The remaining bars show what percent of the original group is expected to die each succeeding year until age 100.
It's worth noting that