using Firecalc ... do you factor in SS?

[albireo13]

I've been using Firecalc, with just my saved assets (401K,IRA,pension) as available for retirement income. With this, it looks like I need to work another 4-5 years!!!
If I factor in SS income, we are golden! 100% success rate out 35 years (I am 61yo).

While my job is relatively moderate pressure, with good pay, I am losing motivation to go in every day and my 1hr commute is killing me.


What do other folks do?

I don't want to work another 4-5 years because I am overly conservative.

 

[RunningBum]

I don't remember what I did last time I used Firecalc, but for what I use, I factor in 75% of SS, and figure it will be fully taxed. I'm confident it will remain a benefit, but may get cut back a bit.

 

[pb4uski]

+1. I factor in 100%, but also look at a adverse case scenario where benefits are haircut 25%.

 

[Another Reader]

Another consideration with Social Security is what happens to the survivor if one of you dies much earlier than the other. Will the survivor have sufficient income with just the higher of the two checks coming in?