No. of Recommendations: 5
<<<By my calculations, to live 'comfortably' (not extravagantly) during retirement, costs anywhere from $3600-$4500/month, including taxes.>>>

Whole lot of people living comfortably on less than that, especially if they had the house paid for when they retired. In fact, a lot of people still working live comfortably on less than that.

BTW, if they raise the SS retirement age to 70, where do they think all those 65 year old people are going to get jobs? Just try finding a descent job if you're over 60. Why do you think companies have early retirement incentives? They don't want old employees.
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