"There's always been a tendency to write players off when they get to a certain age, but that's existed in sport for 150 years," said the 37-year-old.
"I like to break stereotypes and hopefully this is another one I can put to rest," he said.
"I feel I've still got a few more years in me yet. Maybe I could keep going for another 15 years."
"(Former England batsman) Graham Gooch played some of his best cricket after 40, so anything's possible."
But Waugh, who lost his place as Australia's one-day captain to Ricky Ponting for this year's World Cup in South Africa, acknowledged that his fate depends on the Australia selectors."
"It's in the hands of the selectors. I don't expect any favours from them and I've never asked for any in the past," he said.
Waugh has been busy passing milestones in the series against West Indies.
He made a world record 157th Test appearance when he took the field for the first Test in Guyana and became the first Australian to hit 30 Test centuries in the third Test against Barbados, breaking Donald Bradman's record of 29.
The third Test also saw him equal former West Indies captain Clive Lloyd's record of 36 Test victories.
Australia are 3-0 up in the series and have a chance to become the first team to achieve a whitewash in the Caribbean if they win the final Test starting in Antigua on Friday.
