Retirement
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Social Security Optimizer
Enter your earnings history → see break-even analysis for claiming at 62/67/70. Spousal benefits, survivor benefits.
Social Security Optimizer
When should you start collecting Social Security? The answer could be worth hundreds of thousands of dollars.
55 years
30 years69 years
$
$0$300,000
Social Security benefits are based on your earnings history
Waiting until 70 could get you $1,416 more per month — that adds up to $95,520 over your lifetime.
Here's the thing
If you can afford to wait until 70, you'd collect $3,253/month — that's $1,416 more per month than claiming at 62. Over your lifetime, waiting could mean $95,520 more in total benefits. Remember, Social Security is just one piece of the puzzle. This estimate is based on a simplified calculation — check ssa.gov/myaccount for your personalized estimate.
Estimated monthly benefit at FRA (67)
$2,624
Primary Insurance Amount — your full benefit at full retirement age
Claim at 62
$1,837/mo
-30% from full benefit. Lifetime total: $529,056
Claim at 67 (FRA)
$2,624/mo
Full benefit. Lifetime total: $598,272
Claim at 70
$3,253/mo
+24% from full benefit. Lifetime total: $624,576
Monthly difference (62 vs 70)
+$1,416/mo by waiting
Annual benefit at 62
$22,044
Annual benefit at 70
$39,036
Optimal claiming age
Age 70
Maximizes total lifetime benefits assuming life expectancy of 85
Break-even point
Claiming at 67 overtakes 62 at age 78
Break-even point
Claiming at 70 overtakes 67 at age 82
Break-even point
Claiming at 70 overtakes 62 at age 80
Lifetime total at 62
$529,056
Lifetime total at 70
$624,576
The Money Friend
Waiting until 70 could get you $1,416 more per month — that adds up to $95,520 over your lifetime.
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This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.
Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.
Past performance and historical data do not guarantee future results. Equal Housing Opportunity.
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