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I just turned 50, and have about $5M on investment plus another $5M tied up in a company that I cannot easily liquidate, but hopefully it grows over the coming years rather than tanks. I have a massive home loan on the house I'm building, but I'm ok with paying 3.375% on that while earning 11% having that money invested. Pretty much all my investment is in that fund returning 11% or 2 classic cars that *cough* are not good investments, but I don't care. I have no other retirement nor 401K accounts or anything like it. No pensions, and being a foreigner no social security either.
I've actually just looked at retirement. According to my spreadsheet, if I draw $140K after tax (with a 4% increase every year) out of my investment, it will still compound at a greater rate than my drawings so I'd never run out - its a real possibility. I just don't know what I'd do other than drive my cars and drink myself to death.
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