A pension is a thing of the past for most people. Now we have retirement plans that shift the financial burden onto the worker instead of the company. The new plans are not working very well for most people.
We are almost certain to pay higher taxes in the future at retirement time. We better take that into account because it dramatically reduces the after-tax income we will live on.
I compare the payout that we are 'likely' to receive after the government gets its taxes with that of other plans.
I will make that comparison for you. You may have better options.