This simplified scenario models delaying Social Security benefits to age 70 for higher monthly payments. It includes pension income and a single investment portfolio, with an adjusted spending curve that slightly decreases over time.
Why Delay Social Security?
For each year you delay SS past your full retirement age (67), your benefit increases by about 8%. At age 70, you receive the maximum benefit. This scenario helps you see if your portfolio can bridge the gap until SS kicks in at 70.
Year-end portfolio balance after draws and investment growth
CPI-adjusted retirement need compared to total income