that’s going to add a bit of legwork to the formula, as you’ll need to figure out an estimated yearly cost for that lifestyle ...

Social Security benefits are based on a formula that considers your income during your 35 highest-earning years. You can claim benefits early at 62 or delay until 70 to increase the monthly amount.

The formula has aged well. “The 4% rule is a tested theory that is generally accepted as a good rule of thumb when determining income during retirement,” says Matt Mancini, wealth planning ...

The Social Security benefits formula is simple for anyone who is ... In other words, each retirement cohort will receive slightly different amounts of their career earnings based on when they ...