First off, every individual's situation is different. I'm 66.5, wife is going to turn 65 June 30th this year when she'll go on Medicare. About 5-10 yrs ago, we started planning our retirement in earnest. Before that, we were busy working careers, raising kids, putting them through college. I never looked at the "break-even" point. Life is a "throw the dice" kind of thing and there's no guarantee how long you'll live, so I'm not going to try and out-smart SS.
I've got a very detailed spreadsheet with our SS income, IRA, 401ks and wife's small pension figured in for the next 25 years (until I'm 92). I've used various rates of return (1-3%) on our investments and find that we can live comfortably at 90% of our present-day income for those 25 years without draining our retirement savings. Under any scenario, there will still be some money to leave to our kids when we're in our 90's. And that is not something I'm worrying about too much. :wink: The biggest variable is what happens when one of us dies to the other person's income. It will be reduced and there will most likely be some lifestyle changes, sale of some assets.
The big reason we didn't start drawing earlier is that we didn't need it and by delaying our retirement until now, we have been able to build our nest egg further so that we will be able to maintain our current lifestyle (financially) with more leisure time to do the things we want to do without worrying about paying the heating bill, health insurance, food, etc.
I do know of people who retired early and counted on their pensions and SS to carry them through. But inflation has eaten into it and what they retired on 25-30 years ago doesn't cut it today.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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