Social Security Calculator
Estimate your Social Security benefits at 62, Full Retirement Age, and 70. Calculate break-even ages, lifetime totals, and spouse benefits.
Social Security Calculator
Find your Full Retirement Age, compare benefits at 62, FRA, and 70, and discover when delaying Social Security actually pays off.
đYour Information
Find your estimated benefit at ssa.gov/myaccount or use the average (~$1,800â$2,400/month in 2024).
đ¯Your Full Retirement Age
âī¸Break-Even Analysis
The break-even age is when the total lifetime benefits of delaying surpass those of claiming early.
đLifetime Benefits Comparison
Assumes average life expectancy of 85 years. Totals are undiscounted nominal dollars.
| Claim At | Monthly Benefit | Months Collecting | Total Lifetime | vs FRA |
|---|---|---|---|---|
| Age 62 | $1,400 | 276 | $386,400 | -$45,600 |
| Age 67 | $2,000 | 216 | $432,000 | â |
| Age 70 | $2,480 | 180 | $446,400 | +$14,400 |
âšī¸When Should You Claim Social Security?
Claim Early at 62
You get a permanently reduced benefit (up to 30% less than FRA). Makes sense if you have health concerns, need income now, or have a shorter life expectancy.
Claim at Full Retirement Age
You receive 100% of your calculated benefit. FRA is 66â67 depending on birth year. A balanced choice for most people.
Delay to Age 70
For each year you delay past FRA (up to 70), your benefit grows ~8%. This is guaranteed growth â worth it if you expect to live past the break-even age.
Disclaimer: This calculator is for educational purposes only. Benefits shown are estimates. Contact the SSA or a financial advisor for personalized guidance.