KLOORASocial Security Claiming Age Calculator
Compare monthly Social Security benefits if you claim at 62, full retirement age or 70, and the total by age 85.
How to use Social Security Claiming Age Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
Claiming before full retirement age reduces the benefit by 5/9 of 1 percent per month for the first 36 months and 5/12 of 1 percent after that. Claiming after it adds 2/3 of 1 percent per month up to age 70.
Worked example
With a full benefit of 2,500 and a 67 FRA, claiming at 62 pays 1,750 a month and claiming at 70 pays 3,100 a month.
Good to know
Cost of living adjustments, taxes and your health matter. See ssa.gov for your own estimate.
Frequently asked questions
What is full retirement age?
67 for anyone born in 1960 or later. It is 66 and some months for people born from 1955 to 1959.
How much is the reduction at 62?
Up to about 30 percent below the full benefit for a 67 FRA.
What is the gain from waiting?
About 8 percent more for each year you delay past full retirement age, up to age 70.
Is the Social Security Claiming Age Calculator free?
Yes. It is free, needs no signup and works on any device.