CALCULATOR

Social Security Strategy Calculator

Compare claiming Social Security at 62, 67, or 70. See the lifetime benefits difference and find your optimal claiming strategy.

Your Inputs

Current AgeAge 60

5069

Monthly Benefit at FRA (67)$2,800

$1,000$4,500

Life ExpectancyAge 85

7595

Filing Status

Claim at 62

Claim at 67

Claim at 70

Early (62)

$1,960/mo

$564,480 total by age 85

Full Retirement (67)

$2,800/mo

$638,400 total by age 85

Delayed (70)

$3,472/mo

$666,624 total by age 85

Key Insight

Waiting until 70 provides $102,144 more in lifetime benefits than claiming at 62, assuming you live to 85.

Breakeven Age

Claiming at 70 surpasses the total from claiming at 62 at age 80. If you expect to live past 80, delaying benefits could pay off.

See your full claiming analysis

Adjust the inputs as you like. Share a few details and we'll unlock your detailed Social Security analysis.

This calculator is for illustrative and educational purposes only and does not constitute financial advice. Actual results will vary based on market conditions and individual circumstances. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal. Consult with a qualified financial advisor for personalized recommendations.

Social Security benefit estimates are based on current law and may change. Visit ssa.gov for official benefit estimates.