Social Security Calculator
Calculate your Social Security benefits and find the optimal claiming age. See how delaying benefits can increase your lifetime income by up to 76%.
Estimate Your Benefits
Find this on your SSA statement
Monthly Benefit
$2,400
Annual Benefit
$28,804
Lifetime (to age 85)
$518,465
When Should You Claim Social Security?
The age you claim Social Security dramatically impacts your lifetime benefits. Claim at 62 and you'll receive reduced benefits. Wait until 70 and your benefits increase by 8% per year after your full retirement age.
Social Security Claiming Ages
| Claiming Age | Benefit Adjustment | Best For |
|---|---|---|
| 62 | ~70% of full benefit | Health concerns, need income now |
| 67 (FRA) | 100% of full benefit | Average life expectancy |
| 70 | 124% of full benefit | Good health, other income sources |
How Social Security Benefits Are Calculated
Your Social Security benefit is based on your 35 highest-earning years. The SSA calculates your Average Indexed Monthly Earnings (AIME), then applies a formula to determine your Primary Insurance Amount (PIA).
Factors That Affect Your Benefits:
- Earnings history - Higher lifetime earnings = higher benefits
- Claiming age - Early (62) vs. Full Retirement Age vs. Delayed (70)
- Work while receiving - Benefits may be reduced if you work before FRA
- Spousal benefits - You may be eligible for up to 50% of spouse's benefit
Maximize Your Social Security
Our full Social Security optimizer analyzes your complete financial picture—including retirement accounts, pension, and expenses—to find the claiming strategy that maximizes your lifetime income.
Free Social Security analysis. No credit card required.