View Poll Results: My retirement expense is xxx% of my SS income.
100% 1 1.59%
101 - 125% 4 6.35%
126 - 150% 3 4.76%
151 - 200% 4 6.35%
201 - 250% 7 11.11%
251 - 300% 13 20.63%
More than 301% 25 39.68%
No SS for me (infinity) 6 9.52%
Voters: 63. You may not vote on this poll

 
 
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"Retirement expense" over "SS income"
Old 10-27-2006, 11:46 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 1,886
Basically how much do you rely on Social Security.

Example: Your actual (or anticipated) expense is 50K/year, your SS income is 30K/year, then 50/30 is 167% (option 4, 151 - 200%).

You don't have to be collecting SS now. Use the SS income you would be getting when you reach 62, 65, or whatever.

Example: Plan to retire at 55. Anticipated expense is 50K/year. SS income at 62 is 18K. 50/18 is 278% (option 6, 251 - 300%).

Edit: Add Infinity option.
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