I went through this same process when I was about to turn 62. I did not factor in any theoretical 2% increases ( which have NOT occurred in recent years BTW) but used current day figures from the Social Security Administration. For me, the breakeven point in dollars received would occur at age 79.5 . If I made it to 85 I would be way ahead in dollars received by taking early retirement. My family's history doesn't have many in it that made it past 80. I knew many people younger than myself who have already passed. So, I retired at 62. I continued to work part time (almost full time at first), and still do yet at a reduced pace, and have never had one regret. We have had more time to enjoy our remaining years. That was four years ago. I'm glad I retired early. The reduced stress might just make me live longer too.
I did not factor in any theoretical 2% increases in any of the numbers because I learned a long time ago to not count my chickens before the eggs hatched. I used real numbers.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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