There's a thread on Bogleheads right now where a guy believes he is about to be laid off, and he is wondering that since he "only" has $1.2 million in retirement accounts, if he will be able to survive a long retirement (he's 52). Most of the replies are, no way, you'll need to get a similar paying job/another job until you can start collecting SS, etc. What's hilarious to me is he even posted his monthly budget, and it's only around $2200 a month (I think... can't access bogleheads from work).