Times have changed. Now that you're touching down in a brave new world, you're facing health and lifestyle challenges, a revolution in technology and the prospect of economic uncertainty as you head into your golden years.
Here's a look back at the way things were in 1980, when the parents of today's boomers began to retire, and today's new reality:
Then: You could retire at 65 with full Social Security benefits.
Now: The golden age is 66.
Then: There were 19.5 million retirees receiving an average of $905 a month, adjusted for inflation, from the Social Security Administration.
Now: 34.6 million retirees receive an average of $1,175 a month.
Then: You received an annual cost of living adjustment (COLA) in your Social Security benefits and you could depend on that every year:
Now: There's a COLA freeze.
Then: Medicare didn't pay for prescription drugs.
Now: They're now covered under Part D with an extra fee.
Then: Medicare Part B premium was $23 a month, adjusted for inflation.
Now: It was $96.40 in 2010.
Then: You could earn money in saving accounts because of double-digit interest rates.
Now: Rates are about as low as 1 percent.