Social Security Break-Even Calculator
Break-Even Age Comparison
Compare total lifetime benefits when claiming at different ages
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62 vs 67 vs 70 Summary
Quick comparison of benefits at the three most common claiming ages
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Formula
Early reduction: 5/9% per month for first 36 months before FRA + 5/12% per additional month. Delayed credits: 2/3% per month after FRA up to age 70.
Frequently Asked Questions
What is the Social Security break-even age?
The break-even age is when cumulative benefits from claiming later equal cumulative benefits from claiming earlier. After this age, you come out ahead by having waited. For 62 vs 67, break-even is typically around age 78-80.
Should I claim Social Security at 62, 67, or 70?
It depends on your health, financial needs, and life expectancy. Claiming at 62 gives smaller checks but more of them. Waiting until 70 gives the largest checks (~24% more than 67). If you expect to live past 80, waiting often pays off.
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