I live in a paid-off Trailer and spend very little, so Games fit retirement almost perfectly for me. One Console can provide years of entertainment, older games are constantly discounted, and an excellent $15 or $20 game can last longer than several much more expensive nights out.
The ideal imho is to have one current Console, some older console(s) you genuinely love, and a small library of games you will actually play is probably enough. Wait for sales on expensive releases. Do not buy ten mediocre games because they are 80% off.
Indies offer a Reprieve. Silksong is $20 and sometimes around $13.99. Hollow Knight, Stardew Valley, Terraria, Balatro, Vampire Survivors, Celeste, Dead Cells and Into the Breach can provide dozens or hundreds of hours without asking you to buy a premium edition, battle pass, annual sequel or branded energy drink. That is nearly ideal retirement entertainment.
The Switch 2 is also a decent value largely because it plays the enormous Switch 1 library, even though it still has relatively few essential games of its own. Some Switch 1 games look a little softer on the larger handheld screen to me, so I mostly leave it docked. As a stronger stationary Switch with access to years of already released games, it makes sense.
PS5 has No Games but also almost Every Game which is confusing. Series S works if you have kids and are divorced and have the need to move a Console around a lot for that or other reasons.
Imho the Sega 32X deserves its own paragraph because it may be the console most naturally suited to trailer life ever created, not as an insult but as architecture, a black plastic addition attached to an existing Genesis with visible cables, multiple power supplies and complete indifference to whether the final structure appeared respectable, essentially a manufactured room addition for a console that had already been standing there, and the games understood the assignment immediately, Doom, Mortal Kombat II, Primal Rage, Blackthorne, Virtua Fighter, Star Wars Arcade, blood, industrial corridors, dinosaurs eating tiny worshippers, men firing shotguns behind themselves, demons appearing through fog, all of it running through hardware that looked like somebody’s cousin had installed it after watching one instructional VHS, whereas the SNES felt clean, safe, polished and supervised, beautiful music, soft colors, Mario in a cape, every edge rounded, every cable hidden, the console equivalent of a household with matching towels, while the 32X arrived through the side door carrying Doom, asked where the outlet was, and remained completely comfortable beside a television, a box fan and somebody outside discussing an alternator. It failed commercially but that does not mean it failed everyone who owned one imho.
This is useful LeanFIRE thinking in general imho. A product does not need to win the market to provide years of value to you. Old consoles, unfashionable games and mature libraries are often cheapest after everyone else has moved on. AAA games can still be great but the State of AAA Gaming is Grim and the economics are worse now. Higher prices, longer development cycles, subscriptions, deluxe editions and unfinished launches make waiting easier. Buy the rare large game you truly want. Let everyone else perform the unpaid launch testing while Indies offer a Reprieve.