When you claim Social Security can change your monthly check for life. This Social Security calculator shows your benefit at every claiming age from 62 to 70, based on your birth year and the full-retirement-age benefit on your Social Security statement. It also adds up your lifetime benefits to the age you choose, so you can see which claiming age pays the most.
Social Security Claiming Age Calculator
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How claiming age changes your benefit
- Full retirement age is 67 for anyone born in 1960 or later.
- Claiming early cuts your benefit by 5/9 of 1% for each of the first 36 months before full retirement age, and 5/12 of 1% for each month after that. At 62, that’s a 30% cut if your full retirement age is 67.
- Waiting past full retirement age earns delayed retirement credits of 8% a year, up to age 70.
Claiming later usually pays more if you live into your early 80s or beyond. Claiming earlier can make sense if you need the income or have health concerns. Married couples should also consider spousal and survivor benefits. Get your personalized estimate at ssa.gov.
Related: Retirement & 401(k) Calculator, 401(k) vs. Roth IRA, All Financial Calculators.