The thing is that retirement is a fairly new concept. For many of us our parents were the first generation to retire, and in some cases the second. Retirement just a few decades ago was retire at 65 and die at 70ish....now people have this ridiculous idea of retirement at 55, and living (and living as well or better than when they worked in many cases!) until 95. In other words, they will work say from 20-55 or 35 years, and support themselves for 40 years while not working. I've written about this topic fairly often actually, in part because I think the financial industry does a disservice to people here, albeit somewhat unintentionally.
I've gotten many people retired, so I say this from experience, but there are a lot of people in for some surprises if/when they get the courage to look at the numbers. People will have to change their concept of retirement, both out of necessity and because they'll want to due to lifestyle.
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