Social Security Optimizer
Claim age 62 vs FRA vs 70 — lifetime present value and breakeven analysis
Social Security Claim Age Optimizer
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Full Retirement Age (FRA): 67 · per SSA schedule for birth year 1965
Recommended Claim Age
Maximizes lifetime present value at age 90 life expectancy and 3% discount.
Age 68
$3,240/mo · $680,992 PV
Benefit by Claim Age
9 ages · 62 to 70| Claim Age | Monthly | Annual | vs PIA | Cum. age 78 | Cum. age 82 | Cum. age 86 | Cum. age 90 | Cum. age 95 |
|---|---|---|---|---|---|---|---|---|
| 62 | $2,100 | $25,200 | -30.0% | $488,382 | $643,725 | $815,196 | $1,004,467 | $1,268,922 |
| 63 | $2,250 | $27,000 | -25.0% | $484,162 | $646,542 | $825,780 | $1,023,624 | $1,300,057 |
| 64 | $2,400 | $28,800 | -20.0% | $475,746 | $644,727 | $831,250 | $1,037,137 | $1,324,808 |
| 65 | $2,600 | $31,200 | -13.3% | $472,382 | $650,980 | $848,118 | $1,065,722 | $1,369,764 |
| 66 | $2,800 | $33,600 | -6.7% | $463,531 | $651,176 | $858,300 | $1,086,928 | $1,406,372 |
| 67 | $3,000 | $36,000 | FRA | $449,405 | $645,549 | $862,056 | $1,101,039 | $1,434,953 |
| 68★ | $3,240 | $38,880 | +8.0% | $435,587 | $642,257 | $870,381 | $1,122,188 | $1,474,019 |
| 69 | $3,480 | $41,760 | +16.0% | $415,701 | $632,265 | $871,311 | $1,135,174 | $1,503,849 |
| 70 | $3,720 | $44,640 | +24.0% | $389,980 | $615,833 | $865,133 | $1,140,314 | $1,524,803 |
Cumulative Lifetime Benefits
62 vs 70 breakeven: age 83FRA vs 70: age 85Tax model excludes spousal/survivor benefits, taxation of benefits, WEP/GPO offsets, and the earnings test. Reduction below FRA: 5/9 of 1% per month for the first 36 months early, then 5/12 of 1% per month for additional months. Delayed retirement credits: 2/3 of 1% per month past FRA, capped at age 70.