What are the text, chain of narration (isnad), and meaning of the hadith: "The lifespans of my Ummah are between sixty and seventy," and what was the incident during which it was said?

The text of the Hadith is: "The lifespans of my Ummah are between sixty and seventy, and few of them exceed that." Its meaning is that most of the lifespans of the Ummah range between sixty and seventy, and few of them exceed that. It was said that the praiseworthy age is between sixty and seventy, and this is the state of the lifespans of the chosen ones of the Ummah, like the Prophet, peace and blessings be upon him, and Abu Bakr and Umar, may Allah be pleased with them.