nuke_diver
Recycles dryer sheets
- Joined
- Jun 30, 2014
- Messages
- 406
I run a lot of Retirement calculators trying to imagine various scenarios and what would happen to a given bucket of money under those circumstances. For my personal plans I generally ignore SS. But for kicks I ran some scenarios to see what delaying SS would mean since so many of the pundits tell you to wait because you get more $$ if you wait. What I found with 2 different calculators was interesting I thought and wanted to run it passed this group to see if it passes the stink test
Portfolio - $3M split 60stocks/30bonds/10cash (where possible to adjust), 1% expense ratio, 50 year retirement, $120K withdrawls/yrs (all numbers in todays $)
Calculators ******** and Flexible Retirement planner both gave similar results
Cfiresime results shown
Take SS at 62 - $20K a year 65% success
Take SS at 65 - $25K a year 66% success
Take SS at 70 - $31K a year 64% success
I realize that this is still a lot of fails and the expenses is too high but it suggests at least at this level that there is very little difference as to when you take it and if there is a difference it seems that 65 is the best condition. I ran a number of combinations and pretty much got the same results every time.
Did I miss something or does this make sense?
Portfolio - $3M split 60stocks/30bonds/10cash (where possible to adjust), 1% expense ratio, 50 year retirement, $120K withdrawls/yrs (all numbers in todays $)
Calculators ******** and Flexible Retirement planner both gave similar results
Cfiresime results shown
Take SS at 62 - $20K a year 65% success
Take SS at 65 - $25K a year 66% success
Take SS at 70 - $31K a year 64% success
I realize that this is still a lot of fails and the expenses is too high but it suggests at least at this level that there is very little difference as to when you take it and if there is a difference it seems that 65 is the best condition. I ran a number of combinations and pretty much got the same results every time.
Did I miss something or does this make sense?