Social Security Calculator
Compare claiming benefits at 62, full retirement age, or 70.
At full retirement age (67)
$2,000/mo
Claiming at 62
$1,400/mo
Claiming at 70
$2,480/mo
Rough breakeven age
~80
For those with FRA of 67 (born 1960+). Get your personal estimate at ssa.gov/myaccount.
The claiming-age trade
Claiming at 62 locks in a 30% cut; waiting to 70 earns 8% delayed credits per year past full retirement age. The reduction and the bonus are both permanent — for average lifespans, waiting wins if you live past roughly 80–82.
More than a solo decision
Spousal and survivor benefits key off the higher earner's record, so the higher earner delaying often protects the couple, not just themselves. Working while claiming before FRA can temporarily withhold benefits — the earnings test surprises many early claimers.
Frequently asked questions
- How does the Social Security Calculator work?
- Compare claiming benefits at 62, full retirement age, or 70.
- Is the Social Security Calculator free to use?
- Yes. The Social Security Calculator is completely free, runs entirely in your browser, and requires no account or sign-up. Your inputs never leave your device.
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