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No. of Recommendations: 10
Let’s assume that the person invested the SS income, and was able to realize a gain of, say, 5% per year. And did so for the 8 years before reaching age 70.

If that person who retired at age 62 had instead delayed taking SS until age 70, how many years would it take for that late-blooming person to catch up to the earlier version of himself/herself that had decided to begin taking SS at age 62?


5.0%? Age 90.8.

6.0%? Never. Not just "they'd have to live longer than anyone has ever lived". Never, as in never ever...the age 62 account grows larger than the 70 account forever.

5.5%? Age 93.6

Here is the URL of this spreadsheet: https://www.dropbox.com/s/gebanzrbr3g33qf/My%20SS%20breakeve...
Plug in your own numbers for return and COLA to see the crossover age.

Another one:
http://web.bryant.edu/~rmuksian/textbook/Breakeven62vsNormal...

The question really becomes, how likely do you think is is for you to get XX% return above inflation?

The secondary question is, How useful is it to you to have more money after 90.8 than it is to have more money between 62 and 90?
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