How to factor in Social Security benefits when saving for retirement | CNN Business

CNN  — 

Whether you’ll have a big enough nest egg to retire comfortably depends not only on how much you save and invest over time but also, for most working Americans, on how much you’re likely to get in Social Security benefits.

Even if the benefits alone are not sufficient to provide a comfortable retirement for most people, they are still an essential income source.

Today, on average, Social Security benefits may replace about 40% of a person’s pre-retirement income assuming they start collecting benefits at their full retirement age. But that replacement rate

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