Social Security Calculator
Calculate when to claim Social Security benefits - compare ages 62, 67, and 70 to maximize your lifetime benefits.
Important Notice
These calculators are for educational and informational purposes only. Results are estimates based on the information you provide and should not be considered financial, tax, or investment advice. Your actual results may vary. For personalized guidance, please consult a qualified financial advisor, tax professional, or other appropriate expert.
People Also Ask
When should I claim Social Security?
The decision depends on health, finances, and spouse benefits. Factors favoring early claiming (62) include immediate income needs or health concerns. Factors favoring delayed claiming (up to 70) include expected longevity and wanting maximum monthly benefits.
How much will I get from Social Security?
Benefits are based on your 35 highest-earning years. Average benefit is about $1,900/month (2024). Check your personalized estimate at ssa.gov - it shows your projected benefit at ages 62, 67, and 70.
What is the Social Security break-even age?
The break-even age is when total benefits from delaying exceed total benefits from claiming early. For 62 vs 67, break-even is around age 78-80. For 67 vs 70, break-even is around 82-83.
Can I work while receiving Social Security?
Yes, but before full retirement age (67), earnings over $22,320 (2024) reduce benefits by $1 for every $2 earned. After FRA, there is no reduction. Reduced benefits are returned after you reach FRA.
How is my Social Security benefit calculated?
SSA calculates your Average Indexed Monthly Earnings (AIME) from your 35 highest-earning years, then applies a formula. The result is your Primary Insurance Amount (PIA) - your benefit at full retirement age.
Will Social Security still exist when I retire?
Yes, though benefits may be reduced. The trust fund may be depleted by mid-2030s, which would reduce benefits to about 77% of scheduled amounts. Congress is likely to make changes to prevent this.