If a current worker, age 60, tells you that she has saved $250,000 for retirement and is very confident in her ability to have a comfortable retirement, you will tell her she is going to have trouble covering expenses in retirement since that level of savings makes her ineligible for Social Security benefits she won't even need to rely on Social Security income with that high level of savings for retirement she should not be confident at all, since that savings level will likely only cover basic expenses in a typical 20- year retirement O she will only be able to live a comfortable retirement if she has no debt when she retires