News from the Society of Actuaries will likely add to your concern. New pension mortality tables raise the average longevity for a 65 year old male in 2014 to 86.6, a two-year increase since 2000. The average longevity for a 65 year old female is now 88.8 years, up from 86.4 in 2000. (That means half of today's 65 year old men will still be alive past age 86.6 and half of today's 65 year old women will live beyond age 88.8)
That puts even more pressure on advisors to devise an investment strategy that can generate sufficient income for what can be a very long retirement for clients. Have you discussed options with your advisor to ensure you don't outlive your money?