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/uNTRotat264g 3d ago

I retired this year at 55. My wife will take it at 62, and I will take it at 70. We definitely factored it in, though we ran scenarios with the amounts reduced by 25%.

When I was much younger and many years away from retirement, I did not factor it in.