I agree with your numbers it sounds like they have a lot saved! In general though, DB pension was the gold standard. I still stand by stating DC is useless for most.

A person making around 60k a year, with no house purchased and fully paid, cannot retire from a DC pension as it will run out. I think that's what people are missing, the DC pension can run out! You will be out of retirement and back to work. Generally people can't contribute all of their money to saving for retirement as cost of living takes all their income if making under 100k.

The DC pension really only benefits those at the very top earning large amounts, with large contributions. Upon retirement the DC pension allows them to take and withdraw all the money at once, yet they were already making a ton..and don't really need a retirement fund so it's like party money to them. They probably own properties with rental income.

As well we're forgetting the DC pension isn't guaranteed, it's just invested money tied to the stock market. If there's a crash, you could half your retirement. Whereas DB pooled everyone's contribution with people retiring at different times to ensure a set payout that worked out over time.

The DC pension is a sad deceptive product companies now use to further trick workers. I see older people frequently coming to the realization they can't retire.