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Your table does not address one important point.

For years 1 - 3 of the "take it at 62" scenario, you are not removing $18,000 each year from your savings/IRA/401K. It continues to grow if it is properly invested.

For me, 62 vs 66 until I am dead at 86:

62 @ $18,576 = $464,400 at 86
66 @ $24,624 = $517,104 total payout at 86

Leaving the $18,576 in my IRA each year for the 5 years with no other additions becomes $455,069 when I am 86 using 8% appreciation.

$464K + $455K > $517K any day of the week.

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