Retirees could run out of money 10 years before they die, according to a new report.

The World Economic Forum warns people are living longer but their retirement account balances aren’t rising at the same speed in countries like Australia, the United States and Japan.

Rice Warner CEO Andrew Boal discusses with Ross Greenwood the future for retirees.

“The perfect scenario is by the time you get to age 91 you take your last breath and you spend your last dollar.”

Click PLAY to hear the full interview