No. of Recommendations: 3
But to what point? I don't need more money when I'm 90, I find it useful now when I can use it and enjoy it.

Those are good points. I guess I've been seeing it from a different perspective, though.

My current plan is to retire in a couple of years, not long before I turn 60. At that point I'll have been maxing out the SS contribution for quite a few years. The government website tells me that if I delay SS until age 70 I'll be getting around $40K a year. I haven't checked what I'd get at 62, but I'm guessing maybe $22K?

I don't think I'd want to depend on $22K for living expenses, even at age 85. But using your line of reasoning, which I think is realistic, at age 85 $40K a year would likely be more than enough.

What that does is give me a bit more surety in planning. I don't know how long I'll live, and from what I've read family history tells you very little. But instead of having to plan for an indefinite lifespan all I really need to know if I have enough money to last 25 years. After that it doesn't really matter.

Adds some peace of mind to the retirement planning, or at least that's how I've looked at it.
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