Kurt Ullman:

Even the lead Boomers (according to the expectancy tables) have 20
years or more to catch up. Actually most of them, if they contributed
every year are still much farther ahead than 3%. Even after the fall my
IRA is still more than 10x what I put in over the years. The wonders of
tax free compounding.

I already stated I disagree with the plan, you don't have to convince me.