For 20 odd years, one is growing up, going to school, and pretty much taken care of by their parents.
Then for forty some years they work, then for another twenty years they lived retired before passing away into another kind of life or no life at all.
20 - 40 - 20 = 80
maybe 20 - 45 - 25 = 90
Not many people live into their nineties and when that happens, we are looking at:
20 - 45 - 30 = 95
So, life is divided into an unequal third, or pretty much an equal 50/50.
40 - 40 = 80
or
50 - 50 = 100
Most of us, don't think about how our lives may or may not be divided, we just live our lives trying to live it the best way that we can.
My point to all of this is that once we retire, the duration of our lives (based up age 67) is about as long as our life was before we started working.
We need to plan for that eventuality to make sure that we enjoy those last years.
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