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Social Security Timing Calculator

Compare claiming at 62, 67, or 70 to find your optimal Social Security strategy.

Current age

years old

Birth year range

Monthly benefit at full retirement age

Check your SSA statement

Life expectancy

years old

Average: 84 (women), 79 (men)

Social Security Timing

When you claim Social Security dramatically affects your lifetime benefits. You can start as early as 62 (with reduced benefits) or wait until 70 (with increased benefits). The optimal choice depends on your health, financial needs, and life expectancy.

Benefit Adjustments

Claiming early (before FRA):

Benefits reduced ~6.7% per year for first 3 years early, then ~5% per year after that.

Delaying (after FRA):

Benefits increase 8% per year until age 70. No additional credit after 70.

How to Use

1. Enter your current age
2. Enter your FRA benefit (from SSA.gov)
3. Estimate your life expectancy
4. Compare claiming at 62, FRA, and 70

FAQ

Where do I find my FRA benefit?

Create an account at SSA.gov and view your Social Security Statement. It shows estimated benefits at 62, FRA, and 70.

What if I'm married?

Spousal benefits can be up to 50% of your spouse's FRA benefit. Survivor benefits can be 100%. Coordinate strategies for maximum household benefits.

Can I work while receiving benefits?

Before FRA, earnings over $22,320 (2024) reduce benefits by $1 for every $2 earned. After FRA, there's no reduction regardless of earnings.

Calculator Limitations

• Does not include spousal or survivor benefits
• Does not account for COLA adjustments
• Does not include taxes on benefits
• Does not account for investment returns on early benefits
• For educational purposes only

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