Social Security Break-Even Calculator
Compare claiming Social Security at ages 62, 67, and 70. Find your break-even age and maximize lifetime benefits.
$
Monthly at 62 (-30.0%)
$1,400.00
Monthly at FRA (67)
$2,000.00
Monthly at 70 (+24.0%)
$2,480.00
Break-Even Analysis
| Full Retirement Age (FRA) | 67 |
| Reduction for claiming at 62 | 30.0% |
| Increase for delaying to 70 | +24.0% |
| Age 62 vs FRA break-even age | Age 82 |
| FRA vs Age 70 break-even age | Age 86 |
| COLA assumption | 2.5%/year |
Cumulative Benefits by Claiming Age
| Age | At 62 / At FRA / At 70 |
| Age 65 | $51,670.50 / — / — |
| Age 70 | $146,766.75 / $73,815.00 / — |
| Age 75 | $254,359.42 / $209,666.78 / $156,428.34 |
| Age 80 | $376,090.66 / $363,370.60 / $333,412.64 |
| Age 85 | $513,818.38 / $537,272.37 / $533,654.14 |
| Age 90 | $669,644.65 / $734,026.26 / $760,209.01 |
Recommendation
Based on a life expectancy of 85, claiming at your Full Retirement Age (67) may be optimal. You outlive the age-62 break-even point but not the age-70 break-even.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.