Social Security Break-Even Calculator

About You

What is your first name? — so we can customize the report just for you

How old are you right now?

What is your gender?

Male

Female

How would you describe your overall health?

Excellent — I expect to live well into my 90s

Good — average life expectancy

Fair — some health concerns, may affect longevity

Poor — significant health concerns

Your Social Security Benefit

What is your estimated monthly Social Security benefit at your Full Retirement Age (FRA)?

You can find this on your Social Security statement at ssa.gov. Your FRA is age 67 if born in 1960 or later. Enter the amount shown for your full retirement age — not early or delayed.

Do you plan to continue working after you start collecting Social Security?

If you collect before your FRA and earn over the annual limit (~$22,320 in 2024), your benefits may be temporarily reduced.

No — fully retired

Yes — part-time work

Yes — still working full-time

Your Financial Picture

If you delay claiming Social Security, do you have other income or savings to live on in the meantime?

Yes — I have savings, pension, or other income to bridge the gap

Partially — I have some savings but would need to be careful

No — I need Social Security income right away

Are you married or do you have a spouse or partner who also has Social Security benefits?

No — I am single

Yes — we both have benefits

Yes — only I have significant benefits

Monthly Benefit at 62

—

per month

Monthly Benefit at 67

—

per month

Monthly Benefit at 70

—

per month

Monthly Difference
62 vs 70

—

more per month at 70

Your Break-Even Ages

The break-even age is the point where the higher monthly benefit from waiting finally overtakes the total collected by claiming early.

Break-Even: Age 62 vs Age 67

—

Break-Even: Age 67 vs Age 70

—

Lifetime Benefit Comparison

Estimated total Social Security received from the claiming age through your projected life expectancy — in today's dollars.

Claiming Age	Monthly Benefit	Years Collecting	Lifetime Total

Lifetime Benefits at a Glance

What This Means for You