Do you feel dread when you look at your bank account? Perhaps just the thought of spending another dollar sends chills up your spine. Outliving your retirement savings is a very scary reality for millions of people every year. In today's day and age, pensions are no longer a reliable source of income. For the past three years, many investors have predicted that there would be a major market correction. But look at how much money those people would have missed out had they not invested. If you were one of these people who never started investing before your retirement due to fear of the unknown, you may have ended up with a less-than-ideal amount in your retirement. Thankfully, there are a few things you can do in order to survive retirement if you don't have any savings. The first thing you should do is to take a look at all your assets as see if there's anything that you can sell. Identify assets that do not appreciate in value such as old trucks or cars that you no longer use. If you own any time share, get rid of that as well as they are never a good investment. Next, take the liquidated money and put that into any diversified investment vehicle as soon as possible. If you aren't sure what to invest in, try simply picking an ETF that closely resembles large growing companies, or invest in high dividend producing assets. Calculate how much money you would earn from the interests of these investments on a yearly basis and follow my previous blog on budgeting to get an idea of how much you can spend every week. If you've come to the realization that you don't have enough money to live on this asset, it may be time to consider relocating to a state with a lower cost of living. Finally, consider working a part time job that doesn't require heavy manual labor. There's no better time to start an online business than in your early 60s and watch it grow for the next twenty years. Of course, these steps are last resorts, and it would be ideal to begin saving for retirement at an early age to avoid going through any of these difficult situations. This is why I always stress taking advantage of compounding interest and invest while you're young.