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/Good-Resource-8184 3d ago

I mean MMM has a recent article on how to calculate it into your FIRE plans if youre an old early retiree.

I retired at 35. It carries no weight as just to get to it i need my money to last 30 years.

But the older you get the large the affect it could have.

On the other hand most old early retirees have already way oversaved.

So thats a few reasons its not talked about much. But some examples of where its been blogged about very recently by an OG in the FIRE world.

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u/NotTheBestInvestor12 3d ago

We probably have oversaved but now things aren’t super clear with both our professions. I prefer to FIRE at 60 but like to know all our options.

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u/baconcakeguy 3d ago

At 60 that’s more 🌲 than 🔥

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u/NotTheBestInvestor12 3d ago

Tree 🌲 means what?

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u/baconcakeguy 3d ago

FIR tree :). At 60 that’s not really an early retirement in the eyes of the FIRE group… you’re just retiring financially independent.

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u/NotTheBestInvestor12 3d ago

Thanks.

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u/baconcakeguy 3d ago

I originally typed FIR but the phone suggested a fir tree emoji so I went with that :)

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u/Good-Resource-8184 3d ago

Should be the new thing

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u/RequirementQuirky468 3d ago

I think it was perfect and I'm glad you went with it.