The ONLY 3 Numbers You Need To Time Retirement Perfectly

[@scotwelker9741]

What I found helpful was estimating retirement expenses rather than pre-retirement income. I was saving far more than I needed to live at the end of my career. I found I can live on about 50% of what I was needing before as I had been able to pay off my car and mortgage.

[@nickphang2293]

Everyone seem to forget ! Social Security is a not a handout ! It’s our money taxed during our working years and will continue with younger generations and so forth! There are so many ways to keep it going! Increase cap is one of them ! Increase from 6.2 to 8.2 both employee and employer!

[@tomwickham8938]

I could see raising the cap on incomes contributing. Of tightening disability requirements.

[@dth1961]

A big flaw in this model is the reliance on Social Security. Certain politicians are trying to shut down Social Security so relying on it will leave you under funded for retirement. Use the model these guys suggest but don't include social security in your model.

[@Fell214]

Nobody will “shut down” Social Security…and certainly not for those near or already in retirement. Program will be solvent with small changes (e.g. increase full retirement age a bit, increase payroll taxes slightly, and/or change the income limit for SS contributions).

[@scottjackson163]

Oh for the love of God. Social Security will not be eliminated.

[@Fell214]

@ If I had $10 for every time I hear SS doom nonsense…