I ran across this article last year. It makes quite a case for exercising as you age. The more the better according the study.
Conclusions
Increased CRF was associated with reduced long-term mortality with no observed upper limit of benefit. The adjusted mortality risk of reduced CRF was greater than or equal to traditional clinical risk factors, such as cardiovascular disease, diabetes, and smoking. Extreme aerobic fitness (CRF ≥2 SDs above the mean for age and sex) was associated with the greatest survival and was notably beneficial in older patients and those with hypertension. Cardiorespiratory fitness is a modifiable indicator of long-term mortality, and health care professionals should encourage patients to achieve and maintain high levels of fitness.
CNN Article - Not exercising worse for your health than smoking, diabetes and heart disease, study reveals
The actual JAMA study