Elon Musk has suggested that saving for retirement may become irrelevant within the next two decades, warning that traditional financial planning could lose its purpose in the face of rapid technological advancement. Speaking on the latest episode of the "Moonshots with Peter Diamandis" podcast, the Tesla and SpaceX CEO said, “One side recommendation I have is: Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.” Musk argued that if his vision of the future comes to pass—driven by breakthroughs in artificial intelligence, clean energy, and robotics—society could reach a state of unprecedented abundance. In that world, he believes, basic needs like food, shelter, healthcare, and education would be universally accessible and essentially free. “The good future is anyone can have whatever stuff they want,” Musk said. He predicted that advanced medical treatments would be available to everyone within five years, and that learning any subject would be possible at no cost. According to Musk, such a future would eliminate scarcity. With AI and automation dramatically increasing productivity, human labor could become largely obsolete. “If you actually get all the stuff you want, is that actually the future you want?” he questioned. “Because it means that your job won’t matter.” While Musk envisions a utopian society powered by technological progress, he acknowledged the transition could be turbulent. He warned of significant social upheaval, economic disruption, and a potential crisis of purpose as people lose meaning from work. “It’s going to be a bumpy ride,” he admitted. The billionaire entrepreneur, whose net worth exceeds $600 billion, has long been at the forefront of innovation. Through Tesla, he transformed the automotive industry with electric vehicles; with SpaceX, he revolutionized space travel by developing reusable rockets. His other ventures—including Neuralink, which works on brain-computer interfaces, and xAI, focused on artificial intelligence—reflect his ambition to reshape multiple facets of human life. Yet his latest prediction stands in stark contrast to the financial struggles many Americans face today. Persistent inflation, rising interest rates, stagnant wage growth, and soaring costs for housing, education, and healthcare have made long-term financial planning increasingly difficult. Surveys show that most Americans are not saving enough for retirement, and many feel that a secure future is out of reach. Musk’s advice to stop saving for retirement may seem like a bold, even reckless, suggestion in the current economic climate. If the future he describes never materializes, people who follow his advice could be left unprepared. Still, his vision underscores a growing debate about the role of work, the future of money, and whether humanity can achieve a post-scarcity society—before the systems we rely on collapse under the weight of change.