I'm in my late 30's and plan on "retiring" in my early 50's. I had kids in my late 20's, so we're good there (it's been tough of course). I doubt I'll stop working and will probably switch to working 2-3 days a week for a few months at a time, or getting on a few boards of directors and being an advisor/consultant, or something like that.
I work 70+ hours/week on average and have done so for over a decade. I know this pace isn't sustainable; I'm falling behind every year that passes me while I watch 23 year olds put in the hours I used to. So for people our age, we have to put the work in now if we want leisure time later.
America is turning into a winner-takes-most society and I don't see that changing anytime soon. It will become harder and harder to be a "punch the clock" person and retire at a normal age, especially as life expectancy continues to get pushed out.