I'm a Millennial - no way my generation can rely on social security to still be around when we retire. It's not factored into my retirement planning in any way.You can live off SS if you own a place outright and have a smaller tax bill. Honestly man, if you are paying 12 grand in taxes a year and plan to stay there in retirement, I hope you have a BIG 401K. My yearly taxes are about 3,800 on a decent size house in MA. When retirement kicks in, I will be moving to the boonies somewhere with lower taxes and cheaper living. The plan for my 401K is to give me just enough to supplement my SS to live comfortably, but not lavishly.
All I need is 3 hots and a cot, internet and a little booze from time to time. Ammo also of course, but I suppose I can learn to reload.