Take a look at the chart below. Notice anything of interest?
There are VAST parts of the US where the median household income is less, yes LESS, than $40k a year. So, given we’re not hearing massive starvation in the streets I think it’s safe to say that you can easily retire on Social Security alone and still live in the good ole U.S.of A.
If you have assets, be it a house and/or investment accounts, you’re going to be even better off. So, enjoy!