Social Security Break-Even Calculator

Optimal claiming age from break-even analysis.

Monthly Benefit at FRA ($)

Full Retirement Age

Expected Annual COLA (%)

Alternative Investment Return (%)

Life Expectancy

Tab to move between fields

Monthly Benefit at 62

$1,400

Monthly Benefit at FRA$2,000

Monthly Benefit at 70$2,480

Break-Even: 62 vs FRA (age)82

Break-Even: 62 vs 70 (age)84

Break-Even: FRA vs 70 (age)86

Lifetime Total (claim at 62)$513,818

Lifetime Total (claim at FRA)$537,272

Lifetime Total (claim at 70)$533,654

Best Strategy Advantage$23,454

How to Use This Calculator

Enter your monthly benefit at FRA ($) from your Social Security statement.
Set your full retirement age (66-67 based on birth year) and expected annual COLA (%).
Enter an alternative investment return (%) and life expectancy.
Review monthly benefit at 62, FRA, and age 70, and break-even ages for each claiming strategy.
Delay claiming to age 70 if you are in good health -- benefits increase 8%/year from FRA to 70.

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