The thing about retirement is that it is best to think of it as being "independently wealthy" meaning you don't have to work, because you have sufficient income that you don't have to. Individuals who are independently wealthy don't have jobs, they own assets which produce revenue. The idea that one thinks they can save up enough money and burn through it, and live off it, isn't going to work. With people living longer, and medical breakthroughs, there is no guarantee of anything. As it is going, the concept of retirement is being phased out. People will get sold catastrophic health insurance, to keep you alive in event you are in real bad shape, but beyond that, most people are now going to have to work until they drop dead. This is particularly true with pensions no longer being around. And people who think that playing the "bet on paper asset inflation" (aka "buy low and sell high") to get good returns, will have surprises coming to them.
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