Why is my projected spending below my projected Social Security benefit?

That can happen if you set a retirement age lower than the age at which you are projected to claim Social Security benefits.

To capture the lower income you will have before starting to receive Social Security benefits, we annuitize the value of your projected Social Security benefit during your entire retirement period, and not only after you can claim the benefit. This captures the average retirement benefit you are projected to have during the retirement period.

For more details on our methodology, please log into your account and review the Path disclosures.