Use the benefit shown on your Social Security Statement to compare the effect of claiming from age 62 through 70.
This is a claiming-age comparison, not an SSA benefit determination or an earnings-record calculation.
Printed from Calxy · https://www.calxy.net/financial/social-security-calculator
1943 – 2000
0.01 – 10000000000
62 – 70
0 – 20
63 – 120
Estimated starting monthly benefit
$2,200.00
Planning comparison, not an SSA benefit determination. It does not recompute your earnings record, family/survivor benefits, taxation, Medicare deductions or the earnings test. Use your my Social Security estimate for the starting amount.
Start with the benefit estimate at full retirement age from your Social Security Statement.
Apply SSA early-claim reductions or delayed-retirement credits through age 70.
Apply the entered COLA assumption to compare nominal cumulative benefits.
The calculator starts with the monthly benefit at full retirement age from your statement. It applies the statutory early-claim reduction or delayed-retirement credit and an optional future COLA assumption.
For someone born in 1960 or later, full retirement age is 67. Claiming at 62 reduces the full-retirement-age amount by 30%; waiting to 70 increases it by 24% before later COLAs.
SSA uses indexed earnings from your highest 35 years. Your official statement already reflects that record and is a safer starting point than a salary-only estimate.
Last updated . Results are estimates for informational purposes only.