Just for fun,
I recently update a spreadsheet that multiplies my yearly SS payments times the S&P multiple from the end of the SS payment year until the end of 2020. Note: 2021 SS payments through December I did not start growing those until January of 2022 and we aren't done with the year, so no number yet for that.
I find when I total all the S&P growth plus dividends for every year since I started paying SS in 1970, I get $1,149,771 If I multiple that by 4%, I get $45,990. If I had taken my SS at the end of 2020, my payment would have been $22,200. The difference is probably nothing we weren't aware of, but a just a little data. Note: included in SS is a disability policy for me and survivor benefits for my family. These did nothing for me and my family, but it did help my parents, my father was disabled at 43 years old.
Just a point of interest, my SS payment would about 1/2 of what I could have expected, if I had invested in the S&P 500 and used the 4% rule.
I used this S&P calculator and I included dividends.
https://dqydj.com/sp-500-return-calculator/
I recently update a spreadsheet that multiplies my yearly SS payments times the S&P multiple from the end of the SS payment year until the end of 2020. Note: 2021 SS payments through December I did not start growing those until January of 2022 and we aren't done with the year, so no number yet for that.
I find when I total all the S&P growth plus dividends for every year since I started paying SS in 1970, I get $1,149,771 If I multiple that by 4%, I get $45,990. If I had taken my SS at the end of 2020, my payment would have been $22,200. The difference is probably nothing we weren't aware of, but a just a little data. Note: included in SS is a disability policy for me and survivor benefits for my family. These did nothing for me and my family, but it did help my parents, my father was disabled at 43 years old.
Just a point of interest, my SS payment would about 1/2 of what I could have expected, if I had invested in the S&P 500 and used the 4% rule.
I used this S&P calculator and I included dividends.
https://dqydj.com/sp-500-return-calculator/