Retireby45ish
Recycles dryer sheets
- Joined
- Dec 8, 2018
- Messages
- 209
I couldn’t find this anywhere on the SS site.
When I go to the SS tool and see that I’ll be getting, say $1500 a month at age 62 or $2000 age 70...will that number go up with inflation?
I see it says that from age 62 on the numbers “are adjusted yearly” for cost of living increases. But what about before that?
To be clear, Say I’m 40 and I retire this year and don’t contribute another penny ... and those are my numbers (assuming the calculation they used was also assuming I stop working tomorrow), will I receive those amounts in 22 years or will I receive some inflation adjusted version of that. I would have to assume it’s the latter but with the gov I figured I would check.
When I go to the SS tool and see that I’ll be getting, say $1500 a month at age 62 or $2000 age 70...will that number go up with inflation?
I see it says that from age 62 on the numbers “are adjusted yearly” for cost of living increases. But what about before that?
To be clear, Say I’m 40 and I retire this year and don’t contribute another penny ... and those are my numbers (assuming the calculation they used was also assuming I stop working tomorrow), will I receive those amounts in 22 years or will I receive some inflation adjusted version of that. I would have to assume it’s the latter but with the gov I figured I would check.