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Social Security calculator
Social Security claiming age break-even calculator
See the age at which claiming later (70) overtakes claiming early (62) in total lifetime benefits.
Break-even age (claiming 62 vs. 70)
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Uses standard published SSA reduction/credit factors for a full retirement age of 67: claiming at 62 reduces the benefit to 70% of the full-retirement-age amount; delaying to 70 increases it to 124% (8% per year of delay). Ignores cost-of-living adjustments, taxes, spousal benefits, and the time value of money — all of which a full analysis should include.
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