Answer to this big question: Since you pay 7.15% of your income to FICA, you have a right to receive what you pay for, right? So will the money be there when you need it? My answer is a well-educated guess:
You will get some benefit, but not even close to what is being projected.
The reason I give for this is because we cannot possibly afford all that we have committed to our Gross Domestic Product (GDP). The Congressional Budget shows that our statutory commitments, meaning what is already law, commits our total GDP to these prior agreements, all since 2009. This is seven years of commitments larger than available money. How can the government possibly keep this going and expect to pay out full Social Security benefits?
The point I am making is YOU need to save money and stop counting Social Security — become independent from any government benefit. If you do receive some amount of Social Security income, then great — you will be both surprised and happy. But to plan your retirement around this income is foolish in my opinion. Make changes today, to create a cash surplus that can make you more. For information on how to do this, contact me: email@example.com.