Originally Posted by philbob57

Of course, the life expectancy for a 62 year old is about 21.5 years for a male and 24.5 years for a female, so a break even age of 78 or 79 isn't all that bad.. As for investment returns and inflation, that's pretty trivial, too, if you accept that any estimate you make for your calculations probably won't match reality. None of us can predict very far into the future.
Where else can you get a guaranteed 8% return, especially in the last 10+ years?