I'm 58 and plan to retire at age 62. Whenever I set age in ESPlanner for collecting Social security to 62, then resulting report shows a smooth discretionary spending amount for the rest of my lifespan . However when I set Social security at age 70, the discretionary spending is not smooth--it shoots up at age 70 quite a bit.
I thought the advantage of ESPlanner was it was able to project smooth spending throughout the rest anticipated lifespan. What gives???