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Most boomers are alreadyretiredor making their way there.
The next generation to head that way is Gen X, who range in age from 44 to 59.
As many as 67% of respondents also said they fear theyll outlive their savings.
However, not every Gen Xer is worried about retirement.
Also heres how much more Gen Z needs to savein case Social Security ends.
I also have no children so my expenses have been low all along in comparison to families with kids.
Our needs are quite basic and Im not scared of living off less.
In fact, Im kind of looking forward to a simpler life, she said.
Cathy also realizes shell have to give up some of the things that she relies upon.
For Cathy, this is not a problem, however.
It will be worth it to me, she said.
I can entertain myself all day long.
I dont need to have a job to feel fulfilled because I do other things.
I will have to eliminate frivolous expenditures, but I dont see this being particularly difficult.
Her greatest concern is staying healthy for as long as possible and trying to avoid any major medical debt.
But none of those worries are worth working much longer, Cathy said.
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