This graph is misleading-as with higher levels of education and healthy living (expected among a cohort of physicians and their families) we can expect to typically live into our nineties. I remember that when I started in practice, seventy was “old”, and now it is not for most. I remember the ICU full of “heart attacks”, with patients getting bed rest, morphine and oxygen for days.
We still plan for physician families that seek an early retirement. Do the math-if you retire at 60, you may need enough money to fund retirement spending (for a couple) for up to forty years. That’s probably a safe withdrawal rate of no more than 3%. So, do the calculations on how much you need saved-divide your spending level (and it is more than you think) by 30K and that’s how many millions of dollars you need.
It would still make me nervous to plan for a four decade “no earnings” period. Better to consider working less and working longer.