According to its trustees' most recent projections, Social Security's trust funds are expected to run out of money by 2034. That's barely over a decade from now, and it's well before I turn 62 and would be first able to collect my retiree benefits.

Of course, even when those trust funds empty, Social Security is still expected to be able to pay out somewhere around 75% to 80% of its benefits under current rules. As a result, it makes sense even for those of us more than 11 years away from retirement to consider what role the program will play in our futures. Personally, as I consider how Social Security fits into my retirement plans, I expect that it will cover my Medicare Part B and other related health insurance premiums, and not much else.

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Source Fool.com