Once no longer physically/mentally able to do their work, the end probably isn't very far away anyway. They don't need to save for 35 years of comfort when they don't have much more than 5 years left.
Yes, I've never understood the fascination some people have with retirement. Do they hate their jobs so much? For me, I love going to work and retirement has never crossed my mind, even though I'm in my early 50s now and have over a million dollars in 401(k) and IRAs. Giving up the power and prestige I have at work in order to sit around at home and listen to the wife nag at me all day has no appeal to me whatsoever.
Once no longer physically/mentally able to do their work, the end probably isn't very far away anyway. They don't need to save for 35 years of comfort when they don't have much more than 5 years left.
Very good point. A person who is healthy in mind and spirit is "richer" than a man who has millions but forgot how to tie his own shoes. So long as you have your health, you probably shouldn't retire. I had an uncle who had a simple job but loved doing it. He was always so happy and upbeat. His wife badgered him to retire so he could spend more time at home. He was 72 when he retired and he was dead by 75. It was sad to see his rapid decline after he left the workforce.