Gen X Is More Worried About Retirement

I am a Gen X and I agree. Concerned about quality of life, I don't want to retire and hoard my pennies. I am concerned about healthcare costs, the availability of services where I want to retire. I didn't start saving until recently, and have been self employed most of my life. My funds went to living, kids, etc and very little left for savings. I will say I do feel confident that I have no credit card debt no car loans, I do pay off my purchases monthly. This is something I trained myself to do over 25 years ago. However, I don't have income generating investments such as rentals or air bnb's. I am worried about the lack of funds in our social security system. Early retirement would be nice so I can still function and enjoy life, I worry about failing health and working then retiring and passing away within the 1st year like I have heard.

My wife and I are Gen X-ers born in the early 70's. We've been maxing out our IRA's and 401K's since we began our post-college jobs so we are in a fairly good state financially speaking. The law allows per annum a savings level of $26K in 401K and $7K in IRA for 50+ years of age so we have been taking advantage of that step up provision the past 3 years. No one knows what will happen in the future so far as it concerns health, job status, marital status, etc. but by max saving from the early 1990's through now we have positioned ourselves to better endure whatever bad stuff happens. It is rather unfortunate that we'll likely only see 75% of our projected social security payout and no telling what state Medicare will end up in 10 years. But alas, if the worst happens, be prepared to move to a lower cost country and become a legal resident so one may access the almost free public healthcare and add a cheap private insurance policy to supplement that.