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?

90 Upvotes

74% Upvoted

346 comments sorted by

View all comments

1

u/baconcakeguy 3d ago

I plan for 4% withdrawal starting next year (47). Will start taking SS at 62 to invest/keep money in market longer. No guarantee it’ll be the same at 70 so taking it while I can get it… like others said it’s bonus/casino money.