Social Security breakeven calculator
Claim at 62$1,400 a month70% of the full benefit
Claim at 67$2,000 a monthYour full retirement age
Claim at 70$2,480 a month124% of the full benefit
Best age if you live to 9070$595,200 in lifetime benefits
Waiting until 67 pays off at78 and 8 monthsVersus claiming at 62
Waiting until 70 pays off at82 and 6 monthsVersus claiming at 67
70 versus 62 breaks even at80 and 5 monthsTotal received is level
Claiming at 62 pays $1,400 a month; waiting until 70 pays $2,480. If you live past 80 and 5 months, waiting until 70 has paid more in total. Living to 90, the claiming age that pays the most is 70, about $595,200 in today’s dollars.