WebJul 31, 2024 · Using a break even calculator for Social Security can give you some important data to help you make the right decision for you. A break even calculator for Social … WebAug 31, 2024 · In the past, the retirement age was set at 65, but because Social Security has found itself low on cash—and because people are living and working for longer—the agency has slowly raised the...
What Is the Break-Even Age for Social Security? - AARP
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If I Wait Until 70 to Claim Social Security, When Will I Break Even ...
WebAug 16, 2024 · The Social Security Administration's Retirement Estimator uses your actual Social Security earnings record to provide a benefit estimate for three claiming ages: … WebSep 1, 2024 · To find out his break-even age, Jeff would divide $12,000 by $80 a month, which comes out to 150 months, or 12½ years. So, if Jeff waits for one year to start taking his Social Security benefit, it will take him 12½ years to get back to even. WebDec 11, 2024 · your current savings, investments, and net worth years to retirement (or your age at retirement) annual withdrawal rate – usually recommended as 4% of your portfolio, adjusted for inflation each year investment return rate – how much your investments and savings are returning on average over many years, often recommended at 4 – 8% pack isotherme