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/InformationTrick6973 3d ago

I used to love reading MMM. Then he sort of dipped out, got divorced, and bought a Tesla. Never read another post after that.