We all work to generate an income with high hopes that we can gather enough so that money can begin to work for us. Reaching a retirement state is merely accumulating enough assets so that your passive income (income from assets or investments) can sustain your lifestyle indefinitely.
*According to the American Institute of CPAs (AICPA), Personal Financial Planning Trends Survey, American retirees’ top concern is running out of money during retirement.
*According to the American Institute of CPAs (AICPA) Personal Financial Planning Trends Survey, Running out of money is the top financial concern of clients planning for retirement
https://www.aicpa.org/press/pressreleases/2019/going-broke-remains-top-concern-in-retirement.html