Retirement, and the pension that comes with it, is what you work toward throughout your working life. Retiring rich is doable.

Right now we face a generational conflict and a pension system on the verge of collapse. Because of demographic change, fewer and fewer workers will have to support more and more retirees in the future. On top of that, pension benefits will shrink. What does that mean for the individual? It means that savings, investments and much more become enormously important for old age. One study found that the average worker needs to save about 1.7 million US dollars to retire rich.
You have to build a foundation so that you can enter retirement rich.

Retire rich

2. Your Own Idea of Being Rich and Your Individual Situation - Retiring Rich

Everyone defines being rich differently, including in material terms. Many people simply want to afford a comfortable lifestyle in old age and not have to work, even though they physically can't, and they have worked toward this privilege all their lives. Very few want to jet around the world. The latter would probably only be possible if you invested in stocks and they were very successful. It makes sense to think about your lifestyle in retirement and see what it means in terms of cost. If your costs go down because you save on the expensive commute to work or explore your local area instead of taking expensive vacations, you can live a rich life in retirement on just as much money as you had while working.

3. At What Age Do I Want to Retire - Retiring Rich

Retire rich

The age at which someone wants to retire is also important to consider. If you imagine, for example, a 55-year-old with no retirement savings, it is extremely unrealistic that this person could retire comfortably or rich at 60. But if this person is willing to save, and starts not at 55 but already in their 30s, for example, the chances are good that life will be comfortable. What matters is thinking about it early and making an informed decision that you stick with determinedly throughout your life. There are certain assets, such as real estate or even islands, that you can invest in to provide for old age, so that retiring rich without major (financial) worries is possible. If you catch the right moment, always keep your eyes open, reflect on your situation, and are willing to make the best of it and maintain your lifestyle under your own steam, that is a good basis for success.