How Do Other People Ever Retire?

Submitted on Thu, 07/04/2013 - 8:31 am

I've been watching other Baby Boomers announce their retirement. And I wonder how they can possibly afford it.

I look ahead and see the need to live for 30 years or more on nothing but my savings, and I know I can't do that yet.

Do they have a lot more money saved up than I do? Do they have a cushy, guaranteed, pension that will cover all their retirement expense? Or are they fooling themselves about being financially ready for this?