Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I don't think using FireCalc to predict how much one's estate will be is a good idea. It is designed to test one's portfolio against total failure over a various 30 year periods so one can get an idea if retirement is survivable.
In fact, if you have enough assets to survive from 62-70 and if you don't care about the size of your estate, taking SS at 70 always produces more spendable money.
IMHO, SS could be reduced (it won't go bust!), or we could experience a long bear market with high inflation (think 1974+). That's why it's good to have multiple sources of income in retirement.
Given your situation, I suggest enjoying retirement to the fullest and now worrying about squeezing the last dollar out of SS and investments. I also suggest sharing some of it with others who are needy or down on their luck.
In fact, if you have enough assets to survive from 62-70 and if you don't care about the size of your estate, taking SS at 70 always produces more spendable money.
IMHO, SS could be reduced (it won't go bust!), or we could experience a long bear market with high inflation (think 1974+). That's why it's good to have multiple sources of income in retirement.
Given your situation, I suggest enjoying retirement to the fullest and now worrying about squeezing the last dollar out of SS and investments. I also suggest sharing some of it with others who are needy or down on their luck.
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