I think what gets lost in all of this discussion about retirement funds is the real killer in retirement and that is inflation. A well managed and diversified 401K plan is your best protection against inflation, despite what has happened with the economy of late (IMHO).

I think Aunty M's approach to living is the best piece of advice. Hell, the country wouldn't even be in this mess if people learned to live and enjoy life within their means. My wife and I will retire in about a year. We live simply now and will live even a simpler life in retirement, but a great life none the less.