"Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs," a statement posted to Buffett's official website and social media pages said late Friday. "He lived his life like a song till the very last breath and will be missed beyond measure by so many."

The statement did not say where Buffett died or give a cause of death. Illness had forced him to reschedule concerts in May and Buffett acknowledged in social media posts that he had been hospitalized, but provided no specifics.

"Margaritaville," released on Feb. 14, 1977, quickly took on a life of its own, becoming a state of mind for those "wastin' away," an excuse for a life of low-key fun and escapism for those "growing older, but not up."