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How claiming age changes your check — and the break-even ages where waiting starts to pay off.
Find this on your Social Security statement at ssa.gov. This tool assumes a full retirement age of 67 (birth year 1960 or later) and applies the standard SSA reduction and delayed-credit percentages.
Waiting from 62 to 67 breaks even around age 79. Waiting from 67 to 70 breaks even around age 83. Live past those ages and the later claim comes out ahead in total dollars.
Each line is total lifetime benefits if you claim at that age. Claiming early wins if longevity is short; waiting wins if the lines cross before you do.
Claiming at 62 permanently reduces the monthly check by about 30% for those with a full retirement age of 67, while each year of waiting past 67 adds an 8% delayed retirement credit through age 70. These are simplified estimates before taxes, spousal benefits, earnings tests, and cost-of-living adjustments — the SSA's own statement remains the authoritative figure for any individual record.
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