I do already put money into a 401k. I will likely be a millionaire before retirement, assuming no major catastrophes and steady employment in jobs that pay at a

I do already put money into a 401k. I will likely be a millionaire before retirement, assuming no major catastrophes and steady employment in jobs that pay at a similar level (adjusted for inflation) before then. I don't know if the same would be true for most people, though (I make significantly more than the average household income -- although probably less than a lot of people here because I'm not making Silicon Valley money -- and I don't have children). It's an interesting idea worth exploring, but I'm not sure if just switching social security money to retirement accounts would be sufficient. Administration and making sure people don't dig into them before retirement would potentially be very expensive too (although to be fair, I'm sure Social Security administration costs are very high also). Are you aware of any studies that analyze such a solution? I imagine there must be something out there.