Social Security at 62 vs 70 Calculator
Compare cumulative Social Security benefits when claiming at 62 vs 70 — see the break-even age and who wins by 85.
Runs 100% in your browser — your benefit numbers never leave this pageTry: Early age=62, Monthly benefit at 62=1400, Late age=70, Monthly benefit at 70=2480, Compare until age=85 → 80.4, $386,400, $446,400, +$60,000, Claiming late
How to use
With a $2,000 FRA benefit, claiming at 62 pays $1,400/mo and at 70 pays $2,480/mo. This calculator shows the crossover and total dollars by your horizon age. Press Calculate to compare your numbers.
Read the full comparison: claiming at 62 vs 70.
FAQ
When does claiming at 70 beat claiming at 62?
Around age 80-81 for a typical $2,000 PIA scenario. Live past the break-even and delaying pays more in total; die earlier and 62 was better.
Should I claim at 62 or 70?
It depends on health, other income, and cash-flow needs. The break-even math is only part of the decision — see when to take Social Security.
Why is the 70 benefit about 77% higher than 62?
Claiming at 62 gives about 70% of FRA; claiming at 70 gives about 124% of FRA (8% per year delayed credits from 67). 124/70 ≈ 1.77.