I'm a boomer, have no debt, own my houses, and have a fair amount of cash. But I have no pension and don't foresee any particular income from my cash while the Fed holds interest rates at near zero. Hard to imagine retiring now.

And no matter how much money I save, it seems kinda crazy to retire before being forced to. You might say: "Things look good, time to quit!", but what'll the world look like in 5 or 10 or 20 or 40 years? I don't know, but a good income will help carry you through a lot of financial craziness.