My wife & I have been high earners for many years, so the usual SS rules of thumb don't apply to us.Some of the Social Security calculators assume you will continue to earn your current salary (plus raises) until your 65th birthday. Your benefit is based on your 35 highest-earning years, but you will retirec25 years early. So, your SS estimate might be a bit high. One calculator that adjusts for FIRE is https://www.ssa.gov/benefits/retirement ... pplet.html
Good luck!
If we both stopped working today at age 38, we would have $72k in today's dollars coming to us at age 70.
If we both stopped working four years from now at age 42, we would have $86k in today's dollars coming to us at age 70.
I am projecting a $75k payout instead given the funding shortfall.
Statistics: Posted by CletusCaddy — Sun Apr 28, 2024 8:22 pm — Replies 29 — Views 2004