Re: How does ER affect SS?
I used the SS calculator on the SSA website a few months ago to get an estimate of the impact of early retirement under the current benefit structure.* I calculated the benefits as if I were retiring in each year from 36 to 62 (I'm now 34).*
What I found was that for every given year I worked beyond 35 to age 45, my benefits increased by about $48 per month.* Working at 46 resulted in a benefit increase of $30 a month.* Then from 47 to 62, every additional year of work added only about $20-23 per month in benefits.*
While the benefits increased each year, the marginal increase dropped significantly as I hit my mid-forties and beyond. My return was slashed by more than half as I worked beyond age age 46.* Not much incentive to keep working I guess.
I'd be interested to see if others have encountered similar results.