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[For those in the US] How much are you counting on Social Security?
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thomas533 is in For those in the US
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I've got 20 years left until I can start drawing on early Social Security benefits. My plan right now is to keep working for the next 10 years, and if I do, my estimated annual SS benefit will be about 20% above what my PovertyFIRE budget will be.

So if I count on that SS benefit being there, that means I only need to make it 10 years on my savings. So, in theory, I could withdraw much more than 4% per year from my retirements accounts since I do not need to make my investments last perpetually.

Are you counting on SS? How is that changing your planning?

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Posted
3 years ago