I said pension, but that's not really a complete picture. We have more of a two-step plan:
Retire from full-time job at 55.
Live off pension + part-time work (something low-key, low-stress).
House is already paid off, no debts, so expenses are low.
Use savings for travel and emergencies.
Sometime 65-70ish, quit part-time work.
Live off of pension + Social security.
Use savings for travel and emergencies.