In summary: The sobering fact is that a 65 year old male has a 22 year life expectancy. The max SS benefit beginning at age 66 is $34K annually. Subtract that from what you spend now and multiply by 25, that is about how much money you need in today's dollars. So if you plan to live off $70K per year, you need at least $900K in today's purchasing power when you turn 65. Most people cannot save this much therefore will either be impoverished in old age or have to work well into their 70s.StatGuy2000 is Canadian. I don't think he gets SS.
My best investment move was to buy my house near the bottom in 2008. The house market has done quite well since. If I could only predict when such a thing might happen again, but I cannot.