No. of Recommendations: 1
Some portion of the people who say they plan to work to 70 will find that their plans go better than expected, and they can retire sooner.

That'd be great. But in my experience, failing to plan results in a worse-than-hoped-for outcome more often than a better-than-hoped-for outcome.

At the beginning of my career, I had no idea how things would turn out, or even how to figure out stuff like that. I presumed that I would want more money rather than less, and made sure to sock away the maximum ($2000) in an IRA, and some years my wife did the same when she got a job. Then, I realized how stupid it was to forego 65% matching money on 10% of contributions into the 401k, I got over the fear that it would all disappear if I left the company, and I put in a decent amount. *Then* when I finally figured out the basics of how investments and retirement all work, I had something to work with. Because my company jettisoned its pension when I was 25 years in, I'm REALLY glad I didn't count on their beneficence with my own investments as "gravy."
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