Maybe I am not thinking about this fully, so let me know if this is BS.
My estimated benefit is about 20K per year. So if I take that at 62, I get 100K by 67 from SS. That is 100K that I don't remove from my 401K to live on.
With 62 start, I break even at 80, than I start to lose compared to 67 start date. That is done by comparing issued funds.
But that 100K, 5years X 20K, was saved in my 401K. So that 100K sits in my stock account until I'm 80, so in 13 years of compounding, I think it will double. Again this is very rough estimate but I think withdrawing 100K and missing 13+ years of compounded growth is huge. That 100K should double in 13+ years to the break even point at 80. So I would have an extra 100K in savings by spending SS money instead of savings. So maybe the break even point is 85 when you look at loss of income from that 100K.
You wouldn’t be taking the 100,000 out at once. A little each month??
