I started out not liking you, but I now have a great deal of respect for you. So I feel like we can have a civil debate. I will admit I'm missing a couple of facts, such as how much will he draw at retirement based on $21,000 annual contribution? But here are some numbers to think about. These are posted with no inflation for either side, that will make the numbers bigger but shouldn't affect the point I'm trying to make. His company contributes $21,000 a year to his pension that's $735,000 after 35 years. (I came up with the 35 as an average starting driving at 22 and retiring at 67) I don't know what he will draw you will have fill that in. If the company contributes a max combined annual of $6000 a year for 35 years at 7% that's $951,540 (from 1978 to 2013 the market had averaged 11.85% actual return base on what I could find). But let's use 7%. Based on that and drawing the recommended annual amount of 4% that's $38,061 a year or $3171.80 a month plus Fedex's pension. If the annual return is higher that number climbs quickly. Plus if you get killed on the way home from your retirement party your next of kin gets you 401K.