If you weren't a good boy or girl and you didn't save your acorns you're probably not going to be taking a lot of European vacations in retirement. In fact, you may not be able to retire at all. But that doesn't mean you can't enjoy your senior years.
Houston retirement planner Michael Parmet says forget about retiring at 62.
"You get nearly twice as much or at least 30% more or 40% more, in Social Security by waiting to age 70."
Parmet says you don't have to become a Wal-Mart greeter; you probably have skills that could get you part time work as an accountant or something else that will pay enough for you to live.
"You can have a part-time job that provides more than a greeter, more than minimum wage and Social Security and still have a reasonably good lifestyle."
Parmet says the key to a happy retirement isn't just money, it's having a reason to get up in the morning and that doesn't have to be expensive.
"It just isn't the same as a traditional - what we've learned to be - retirement. People don't have to be totally retired they need to keep stimulated and to stay healthy and that's the key to good retirement."
Parmet says if you didn't save much for retirement you need to delay Social Security benefits until age 70; work as long as you can and then take a part-time job when you're forced to retire. He says you need to be around family and friends and you need to have something to look forward to.