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Message: <blockquote data-quote="olroadbeech" data-source="post: 3427291" data-attributes="member: 52145">We decided on 62 . Take the money and invest in very low cost Vanguard mutuals. I'd rather have control over it than Uncle Sam. Maybe can do better than 8% or maybe not but if we need the money in an emergency we have easy access to it.at close to $30,000 a year for me and spouse that would be $240,000 invested ( not counting losses or gains in a vanguard mutual like the s&p 500 ) in 8 years.At market averages over the last 40 years at 8% ( no guarantee of course ) that money would grow to around $400,000 in those 8 years. not sure how much less with taxes.I 'd rather have close to 400k after 8 years in my possession than wait until I was 70 starting at $0.that is why we are starting at 62.</blockquote>