Here's what could be considered a bit of contrarian news: a lot of recent retirees are faring just fine as they sail through their golden years, thanks to their ability to draw on Social Security.

That's according to a survey by T. Rowe Price that looked at how retirees are doing one to five years after they've left the workforce and who rely, in part, on the 401(k) plans they continue to be enrolled in or savings from 401(k)s rolled into IRA accounts. 

The retirees surveyed have considerable assets, with nearly half claiming $500,000 or more in household assets (investable assets plus home equity minus debt). 

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