How many plan or have stayed working to 70 and/or beyond?

i

I find it interesting to see projected benefit at various retirement ages on the SS earnings statement.

Also amusing is total earnings going back to the beginning...

Even though I started paying in at age 12 my first year of earnings is at age 13 based on $50 a week for a 6 day a week summer job washing and being an all around auto dealership gopher...

Ultrarunner,

A key point often overlooked is thinking about spouses. For example; a few years back your spouse could start collecting the reduced payment at 62 while you keep working, then switch to "half" of yours when you retire. But now if the spouse retires early, their payment when they get half of yours will be reduced due to the choice to retire at 62. I recall it's a 30+ percent reduction for the spouse. If you both retire early, the reduction applies to both of you, forever.

Taking early vs. taking late has a cross over point at near 80 years old. But remember at your death, your spouse only gets the higher of either hers or yours. So you need to consider keeping one of your payments as high as possible in the event one of you survives long after the other.

On the other hand, if you delay S.S. until 70, (24% adder), the max your spouse can get is only 50% of your full retirement age.

Finally, just because you "retire" doesn't mean you have to take S.S., you can delay. Maybe taking 401 k at a higher rate, to bridge until you start collecting.

I am working on a spreadsheet with 401 k, S.S. me, S.S. spouse. It has edit cells where 401 k growth percentages, 401 k withdraw percentages, age of 401 k starts, my age of S.S. withdraw starts and when spouse age of withdraw of S.S. This sums up potential yearly total withdraws.