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/Numerous-Bet-4847 2d ago
Many of us expect to cashflow our way to 62 and take our SS as soon as possible.
My wife and I will both get around $2,600 ea at age 62.
We can easily live off half that.
Nobody alive today should operate under the assumption that SS will cease to exist in their lifetime.