Take it now!
My husband and I have both taken SS at 62 and one minute. In my career as a financial planner I saw my clients drastically reduce their expenses by late 70s. They just didn’t have the needs or wants and despised dealing with TSA or pretty much stopped traveling. My calculations showed I would need to reach 78 to break even on not taking SS at 62. This was before I realized that at 65 there would be mandatory reduction for Medicare, I haven’t run those numbers, but I suspect it would put my break even closer to 80. Like many we are real estate rich and cash not as much, so the SS now has substantially improved the quality of our lives, we retired at 50 & 53. Neither hubby or I would ever consider a “home”, so the funding of that which is huge is not on our horizon. Mother was paying close to 80k two years ago when we bailed her out and brought her down to Mexico. She bought her stunning Marina front condo outright for $345,000 and with a full time assistant, dining out every night, Ubers, manicures, pedicures and all that would be of comfort to an 88 year old her budget is $2,500/month. That includes her HOA fees and utilities. She bops around on her electric scooter through the marina where she has 60 restaurants to choose from or did before Covid. Private health insurance runs us about $2,000/year for both of us with a $2,500 deductible and pays in the USA as well for the first 100 days when we visit.
The shelter in place gives everyone an idea of what life in your 80s might look like. Our spending has dropped in the last two months to about $100 total and for Mother about the same with the exception of her assistant who she continues to pay, although she doesn't’ have her come in at this time, (Mom is with us for now), that cost is about $900/month for 6 hour days, 5 days a week and part of Saturday.
When we visit the USA we normally drive and may or may not return this summer.