Calculators
Social Security Claiming Estimator
See how your claiming age changes your benefit. All calculators
Your inputs
$
Find this on your statement at ssa.gov/myaccount.
Your results
Your full retirement age
67
Benefit at FRA: $2,200/month
| Claim at | Monthly benefit | % of FRA benefit | Break-even vs. 62 |
|---|---|---|---|
| 62 | $1,540 | 70.0% | — |
| 63 | $1,650 | 75.0% | Age 77.0 |
| 64 | $1,760 | 80.0% | Age 78.0 |
| 65 | $1,907 | 86.7% | Age 77.6 |
| 66 | $2,053 | 93.3% | Age 78.0 |
| 67 | $2,200 | 100.0% | Age 78.7 |
| 68 | $2,376 | 108.0% | Age 79.1 |
| 69 | $2,552 | 116.0% | Age 79.7 |
| 70 | $2,728 | 124.0% | Age 80.4 |
Uses SSA reduction rules (5/9 of 1% per month for the first 36 months early, 5/12 of 1% beyond) and delayed retirement credits of 8% per year after full retirement age, up to 70. Excludes cost-of-living adjustments, taxes, the earnings test and spousal benefits. Break-even is the age when total benefits from claiming later catch up to claiming at 62. Not affiliated with the Social Security Administration.
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These calculators are for general educational purposes only and provide hypothetical estimates based on the information you enter and the assumptions shown. They are not a guarantee of future results and are not individual insurance, financial, tax or legal advice. IAM does not offer securities or investment advisory services and does not provide tax or legal advice. Consult a qualified professional about your situation.