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When I started this thread it included pointing out that FIRECalc was telling me that it was better to start taking social security at age 62. Better in the sense that if I started with a big pot of retirement money I could draw a greater amount with no (backtested, not guaranteed future) chance of going broke if I added in SS taken at age 62 than if I added the greater amount in at age 70.


So while it may be actuarially equivalent, I don't think it's moot for my purpose. Unless there's a bug in FIRECalc's model of social security, which is entirely possible.


Be aware that actuarially equivalent means on average, the payout for the general population will balance out to near zero. Your mileage as an individual will vary.

I don't believe there is a bug in FireCalc. Logically thinking, the sooner you take SS means your retirement investments pot will be larger at age 70. A larger pot is more likely to survive a market downturn, thus improving your chances of success. For example, what is likely to survive longer, a early SS pot at $300K vs. an age 70 SS pot at $100K? Keep in mind that there is a risk of a market downturn during that 8 year period, which likely favors the larger pot recovering.
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