Delaying isn't always right
Each year you delay past full retirement age adds 8% to your benefit. But if you expect a shorter lifespan or need the cash, claiming early can still be correct.
Social Security break-even calculator
Find the age where claiming Social Security later beats claiming at 62.
Results
Break-even: 67 vs 62
Age 79
Break-even: 70 vs 62
Age 81
Monthly at 62
$1,400.00
Monthly at 70
$2,480.00
Frequently asked questions
1.What if I keep working?
If you claim before full retirement age and earn over the limit (~$23k/yr in 2025), benefits are reduced $1 for every $2 earned above the threshold.
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