More than half of the time the value will nearly double.
More than a third of the time the retiree ends up with 5 times the amount of principal they started with at the end of 30 years.
90% of the time retirees finish with more than their starting principal at the end of 30 years.
That is equal to between $595,260 –$892,890 at the end of retirement. So while Client A may have collected an additional $146,414 from their delayed SS benefit, they likely lost somewhere between $595,260 -$892,890 due to 38 years of missed compounding.
From a legacy perspective, Client A’s estate is greatly enhanced by collecting early. While an estate is more of a benefit to Client A’s heirs, either way the bills were paid to support their lifestyle during retirement, and their total net worth is higher at the end of their life.