[Midvale]

Originally Posted by Certified Financial Group

Thirty-eight million Americans rely on Social Security benefits in retirement.

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Here is another view. Considers taking SS at 62 to prevent drawing down your savings:

Retirement at 62: Is Receiving Social Security Early Worth It?

"The examples provided here outline methods of analyzing the early-retirement decision. A simple analysis compares total expected lifetime benefits depending on whether a retiree chooses early retirement at age 62, normal retirement at age 66, or delayed retirement at age 70. A more realistic analysis compares retirees using early Social Security benefits to defer drawing down on retirement savings, allowing those savings to build for a longer period of time.

The analyses suggest that in all cases except for those with very low expected investment returns from individual retirement savings, it is economically beneficial for retirees to take Social Security benefits at age 62 and use these benefits to defer taking withdrawals from their retirement savings. Each retiree is unique, however, and all factors, including those affecting individual life expectancy, must be analyzed separately to determine the best choice."