Spendable income at this plan
Main net income
$0k
Rental net income
$0k
Other passive net income does not affect SS work rule
$0k
Social Security deposited after 12% tax withholding
$0k
Total spendable income
$0k
Income is below lifestyle spending$0k short
SS work-rule withholding: $0k
Move the sliders
SS is uncollected$0k gross
Not
collected$0k62$23k63$25k64$27k65$29k66$32k67$34k68$37k69$40k70$43k
collected$0k62$23k63$25k64$27k65$29k66$32k67$34k68$37k69$40k70$43k
All main income rows are treated as spendable cash available for lifestyle expenses. Social Security is shown after work-rule withholding and a 12% federal-tax withholding assumption.
Educational model only — for informational purposes only and not to be construed as financial, investment, tax, or legal advice. Assumptions: main net income is treated as 80% of gross wages for the Social Security work rule, so the model uses main net income ÷ 0.80 behind the scenes. The Social Security timeline is illustrative: $23k at 62, $25k at 63, then roughly 8% higher each following year through 70. The 2026 work-rule limit is approximated as $24k of gross wages; $1 of SS is withheld per $2 above that amount before age 67. Rental and other passive income are assumed not to count toward that limit. Social Security tax withholding is assumed at 12%; it is a payment toward federal income tax, not a special SS tax rate. At full retirement age, SSA recalculates benefits to account for months withheld under the work rule; it is not a fixed repayment schedule or lump sum.