I haven't really thought about a specific age, but my wife and I are now both earning pension credit. First thing to realize is how vastly superior pensions are as an investment to any other alternative. 1) Generally much lower fees. 2) The pension never needs to sacrifice returns by going conservative as retirement nears. 3) Compared to an individual saving on their own the pension can assume average lifespan, which prevents you from having to stretch your savings if you are somehow 'cursed' with an extralong life. It is unfortunate that 401Ks were so badly oversold to people. They are better than nothing of course, but to have comparable money in retirement you need to save on the order of 33% to 50% more. It would be fantastic to broaden access to pensions for people. The math on Scholarship chasing is also not terribly flattering. Even if the scholarship endowments had some how managed to keep pace with the rate of tuition inflation over the last 30 years, there is still a substantially larger number of students going to college. They can certainly help, but I have a suspicion that if you just ran the numbers on merit scholarship dollars and divided by total students you would discover it is about break even with just working more (which in and of itself is a mediocre strategy to avoiding debt).