As you can see from the graph below provided by the Social Security Administration, the current estimate of what I'll be able to claim as a monthly income as of May 2026 will be $1,245.
Here's a very simple and conservative estimated budget based on expectations of that time.
Social Security income $1,245.
IRA distributions $250
Total income $1,445
Lot rent $600.
Car insurance $65.
Auto repairs, gas, etc. $50.
Health insurance and medications $50,
Electricity $150.
Internet and streaming subscriptions $150.
Phone $35.
Food $300.
Total expenses $1,400.
Gulp.
This is a bit tight to say the least.
I have a feeling under this level of poverty I guess it really would be the final countdown since once the IRA dries up and the other monthly expenses creep up I doubt I'd be able to make it to the 30s decade.