for every single recession or depression, stocks eventually overcame and went up way higher.
I'm not retiring anytime soon and i'm not worried at all.
if you look at weekly chart for major stocks - once they hit 252 line, they will come back although they may fall 20-30% from now but will still bounce back.
if you think this recession or depression is different? I dont think so.
nearly for every recession, people think of reasons why that recession is the worst and never been seen before but we've seen enough proofs that it will bounce back up.
for those retiring this year or soon - sorry i have nothing to say for you.. just bad luck.