I guess it depends on where you live, but $5,000 a month should have been a comfortable retirement. I guess it depends on how one would define "comfortable". Regardless, high inflation is going to be a problem for retirees not sitting on a decent investment pile or don't have a sizable fixed monthly income (SS, pension, annuity, etc.).
Our retirement plan is working til we drop...or age 80, whichever comes first.