Talk of The Villages Florida - View Single Post - Social Security COLA Announced
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Old 10-14-2023, 06:20 AM
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Quote:
Originally Posted by dewilson58 View Post
Has anyone done the math.........with time-value of money, how many years do you need to draw on SS (full SS) in order to get your & your employer's dollars back???

Too much fun for me to do.

I think it's about seven years without time-value.

Jus wondering.
I think the ~7 years figure is the time taken to recoup the money not taken at 62, but starting at full retirement age.

The question about contributions over a lifetime of earnings I have never considered - thinking the answer is probably too mind bogglingly depressing to think about.