I took an early retirement plan about a year ago, and my pension has served me well thus far. And as a state employee my medical insurance is covered. Once I'm eligible to collect Social Security I'll be in great shape.
I have a pension from my place of employment, social security, an annuity and interest/dividends from other investments. I retired at 54 so I didn't get the social security for several years. I pays to start saving early in you working years.
Right now we can live off my SS and pension. I did start withdrawals from my 401K to buy new toys. At the moment my wife’s SS and pension are going into savings.