67% of Americans say they’ll outlive their retirement savings—here's how many have nothing saved

I always have to chuckle at statements like 67% of Americans ... which is based on statistical sampling methods CW5 Jack Cardwell
I began investing $166 per month into a traditional IRA in 1985. As I received pay raises I increased my permanent life insurance and increased my contributions to my retirement.
I have steadily invested money using dollar cost averaging strategy. Purchased more shares when price low and taking advantage of higher share value when price increased. I diversified among large, mid and small cap and US and international funds.
I plan on holding off until age 70 to begin drawing social security which is estimate at a little over $3,00o per month for me. [I was employed from 1972 to 2012 and paying social security throughout that period]
I have not contributed anything to my retirement since 2012 [last full year before I was terminated by LMI] I took out $150k to pay down some debt. My retirement assets are $614K right now. I hope to leave most of my retirement for our family Trust.
FYI COL Mikel J. Burroughs LTC Stephen C. LTC Ivan Raiklin, Esq. Capt Seid Waddell Capt Tom Brown SFC William Farrell SSgt Robert Marx SSgt (Join to see) TSgt Joe C. SGT John " Mac " McConnell SP5 Mark Kuzinski SPC (Join to see) SrA Christopher Wright Maj Marty Hogan PO1 William "Chip" Nagel SP5 Robert Ruck SCPO Morris Ramsey SPC Margaret Higgins SFC Joe S. Davis Jr., MSM, DSL

The fact is that it's damn nigh impossible to save enough to live on for any period of time without working. We all need an income and if we can't earn it, we need to invest in something that will earn it for us. My brother and a couple of good friends have done it with income producing stocks. I've done it with rental property. Both take time to build while you're working. Once you've quit working, it's too late

If you invest $200/mo for 30 years at 10% interest, you will have $455,865.06. Just saying.