I'll Have $22 Million at 62 After Retiring at 39: Here's How Much I'll Get from Social Security!
Published: 2024-04-14
Status:
Analyzed
Published: 2024-04-14
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The author's $2.5 million stock market investment portfolio is projected to grow to over $22 million in 23 years (by 2042), assuming a 10% annual return and no further contributions.
"that amount was around $2.5 million when we retired and let's say we never invested another dollar into our investment portfolios and we allowed those Investments to grow for the next 23 years... if you take it from the point that we retired in 2019 and estimated out 23 years you will see that that $2.5 million turns into over $22 million thanks to compound interest and the average return of the stock market"
Pending
The author predicts they will receive $1,985 per month in Social Security benefits if they claim at age 62.
"by the time I'm age 62 I will receive $1,985 if I take it at 62"
Pending
The author predicts they will receive $2,819 per month in Social Security benefits if they claim at age 67.
"If I wait till I'm 67 I will get $2,819"
Pending
The author predicts they will receive $3,400 per month in Social Security benefits if they claim at age 70.
"and if I delay it to age 70 I will receive $3,400"
Pending
The author predicts that the Social Security system will not disappear or run dry.
"I don't think that will happen"
Pending
Author's $2.5 million investment portfolio (as of 2019) is predicted to grow to over $22 million by 2042, assuming a 10% annual return.
"if you take it from the point that we retired in 2019 and estimated out 23 years you will see that that $2.5 million turns into over $22 million thanks to compound interest and the average return of the stock market"
Pending
Author predicts he will receive $1,985 per month in Social Security benefits if he starts collecting at age 62 (around 2042).
"by the time I'm age 62 I will receive $1,985 if I take it at 62"
Pending
Speaker's $2.5 million stock market investment from 2019 is predicted to grow to over $22 million by 2042, assuming a 10% average return and no further contributions.
"if you take it from the point that we retired in 2019 and estimated out 23 years you will see that that $2.5 million turns into over $22 million thanks to compound interest and the average return of the stock market"
Pending
Author predicts he will receive $2,819 per month in Social Security benefits if he starts collecting at age 67 (around 2047).
"if I wait till I'm 67 I will get $2,819"
Pending
Author predicts he will receive $3,400 per month in Social Security benefits if he starts collecting at age 70 (around 2050).
"if I delay it to age 70 I will receive $3,400"
Pending
Speaker predicts receiving $1,985 per month in Social Security benefits at age 62, adjusted for inflation, assuming zero future earnings.
"by the time I'm age 62 I will receive $1,985 if I take it at 62 now keep in mind all of these numbers are adjusted for inflation"
Pending
Author predicts the Social Security system will not disappear or run dry in the future.
"I don't think that will happen [Social Security just going away, disappearing, the funds running dry]"
Pending
Speaker predicts receiving $2,819 per month in Social Security benefits at age 67, adjusted for inflation, assuming zero future earnings.
"if I wait till I'm 67 I will get $2,819"
Pending
Speaker predicts receiving $3,400 per month in Social Security benefits at age 70, adjusted for inflation, assuming zero future earnings.
"and if I delay it to age 70 I will receive $3,400"
Pending
Speaker predicts that the Social Security program will not disappear or run dry.
"now I don't think that will happen [Social Security disappearing] but if it did we would not be reliant on it"
Pending
Author predicts his $2.5 million stock market portfolio from 2019 will grow to over $22 million by 2042 (23 years from 2019) due to compound interest and an average 10% return.
"if you take it from the point that we retired in 2019 and estimated out 23 years you will see that that $2.5 million turns into over $22 million thanks to compound interest and the average return of the stock market. there is absolutely no doubt in my mind that that money is going to reach those levels"
Pending
Author predicts he will receive $1,985 per month in Social Security benefits if he starts collecting at age 62, assuming no further contributions.
"by the time I'm age 62 I will receive $1,985 if I take it at 62"
Pending
Author predicts he will receive $2,819 per month in Social Security benefits if he starts collecting at age 67, assuming no further contributions.
"if I wait till I'm 67 I will get $2,819"
Pending
Author predicts he will receive $3,400 per month in Social Security benefits if he starts collecting at age 70, assuming no further contributions.
"if I delay it to age 70 I will receive $3,400"
Pending