Social Security Benefits Calculator
Estimate your Social Security benefits at different claiming ages. See how delaying benefits increases your monthly payment and calculate your break-even age.
Find this on your Social Security statement at ssa.gov
You can claim between ages 62 and 70
Full Retirement Age
Monthly Benefit at Age 67
$2,500
100% of your FRA benefit
Benefits by Claiming Age
| Claim Age | Monthly | % of FRA | Annual | Lifetime (to 85) |
|---|---|---|---|---|
| 62 | $1,750 | 70% | $21,000 | $483,000 |
| 63 | $1,875 | 75% | $22,500 | $495,000 |
| 64 | $2,000 | 80% | $24,000 | $504,000 |
| 65 | $2,167 | 87% | $26,000 | $520,000 |
| 66 | $2,333 | 93% | $28,000 | $532,000 |
| 67(FRA)(Selected) | $2,500 | 100% | $30,000 | $540,000 |
| 68 | $2,700 | 108% | $32,400 | $550,800 |
| 69 | $2,900 | 116% | $34,800 | $556,800 |
| 70 | $3,100 | 124% | $37,200 | $558,000 |
Lifetime benefits assume living to age 85. Your actual life expectancy affects the optimal claiming strategy.
Social Security Claiming Strategies
- •Claim early (62-FRA): Best if you need income now, have health concerns, or have a spouse who will claim on your record
- •Claim at FRA: Get your full benefit with no reductions or bonuses
- •Delay until 70: Get 8% more per year you wait past FRA; best for longevity and high earners
- •Working while claiming: If under FRA, earnings over $22,320 (2024) reduce benefits temporarily
- •Spousal benefits: May be able to claim up to 50% of spouse's benefit if higher than your own
Related Calculators
401k
Estimate your 401(k) balance at retirement with employer matching contributions. See how increasing your contribution rate and catching up can boost your nest egg.
🌟Roth IRA
Calculate your Roth IRA growth and tax-free retirement savings. See how annual contributions compound over time and compare to Traditional IRA tax treatment.
How to Use This Social Security Calculator
This free social security benefits calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required