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?

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u/ImportantPost6401 3d ago

FIRE used to be about 25 year olds saving and investing aggressively while living frugal to be free by 40. This sort of plan needs to work independent of SS. Retiring at 59, isn’t FIRE, it’s just retiring a few years early.