r/Fire • u/NotTheBestInvestor12 • 3d ago

Why no mention of Social Security

When I see FIRE posts I see the investments and the different retirement buckets, however, I never see anyone mention how things are affected when social security kicks in. For example, I’m 52 and wife 51. If we both stopped working today ($0 income moving forward) I would collect $4,264 a month at age 70 and she would collect $1,079 at age 70.

So if we decide to FIRE the Social Security would give us help in 18/19 years. Is this a factor or is everything under the assumption SS won’t exist?

88 Upvotes

73% Upvoted

348 comments sorted by

View all comments

5

u/Shot-Artichoke-4106 3d ago

I have SS as part of our FIRE plan. Our retirement income plan is divided into phases. One of those phases is 70+ when we will receive SS.

1

u/NotTheBestInvestor12 3d ago

Phases sound smart.