Will Social Security be enough? Based on our calculation of a $2,790 Social Security benefit, this means that someone who averages a $100,000 salary throughout their career can expect Social Security to provide $33,480 in annual income if they claim at full retirement age. This means that Social Security would replace just over one-third of their preretirement income, which is not even close to the 70% to 80% of your salary that most financial planners suggest in order to maintain the same quality of life. In a nutshell, Social Security is not likely to be enough to retire comfortably all by itself. The $16,728 Social Security bonus most retirees completely overlook

Source: Daily Sun February 08, 2020 12:22 UTC