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Fortune
Fortune
Jon Sabes

Retiring at 62 costs the average American $250,000. Here's the math (and the neuroscience) that explain why

Social Security America Math the National Bureau of Economic Research
sabes (Credit: courtesy of Jon Sabes)

The biggest financial risk most American retirees still underestimate is not the market. It is longevity. The risk of outliving the plan.

Fortune‘s Sasha Rogelberg reported in May on new research from the National Bureau of Economic Research showing that Gen X workers who retire early pay a steep cognitive price for it. That is the health story, and it is real. The financial story underneath it is bigger, and it is the one most still do not understand.

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