Sadly, many people find themselves out of work as they approach retirement age & many have far fewer assets than you. I know my dad faced layoffs when he was in his 50’s & 60’s & he had no retirement, no investments, no pension; he was a non-union coal miner in Pennsylvania. I worried all the time about their finances when dad retired & had health issues. I also remember seeing friends laid off just before their retirement funds were vested & losing financial security.