I rolled my 401K over into an annuity. It pays almost as much per year as my SS. I never thought SS would still be around when I was much younger. My 401K is from a job where I worked for 8 years. Even with the hit from 9/11, I have no complaints.
Hi mathluv - I am in the same situation as you. My 401k will be worth about enough to buy an annuity that would actually be a little better than SS. However, I could not live on just that 401k-funded annuity. I need the SS money as well. I am arguing in favor of having both a 401k and SS, which I think the vast majority of people on this board plan on and need. That requires saving SS for us, and for everyone else who follows us.