Social Security at 62 vs 67 Calculator
Compare cumulative Social Security benefits at 62 vs full retirement age 67, with break-even age and totals.
Runs 100% in your browser — your benefit numbers never leave this pageTry: Early age=62, Monthly benefit at 62=1400, Late age (FRA)=67, Monthly benefit at 67=2000, Compare until age=85 → 78.7, $386,400, $432,000, +$45,600, Claiming late
How to use
Claiming at 62 pays about 70% of your FRA benefit; claiming at 67 pays 100%. This calculator compares the cumulative totals and finds the break-even age. Press Calculate to compare your numbers.
FAQ
What is the break-even for 62 vs 67?
For a $2,000 FRA benefit (62 = $1,400, 67 = $2,000), the break-even is around age 77-78 — the six years of early payments are caught up by the higher monthly amount.
Is claiming at 62 common?
Yes — most people claim before FRA, often for income needs. But each year of delay raises your monthly check about 7-8%, which matters for longevity.
What about claiming at 70 instead of 67?
Waiting from 67 to 70 adds 24% more per month — see the delayed credits calculator.