Erdman Financial Group
Claiming at 62, 67, or 70 produces very different lifetime outcomes. See exactly what each age means for your monthly benefit, your breakeven point, and your total lifetime income.
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We estimate your Social Security benefit using the same bend-point formula the SSA uses, applied to an estimated Average Indexed Monthly Earnings (AIME) based on your income and years worked. It's an approximation — your actual benefit requires your full earnings history from SSA.gov — but it's accurate enough to make the claiming decision meaningful.
We then calculate your monthly benefit at ages 62, 67 (Full Retirement Age for most people born after 1960), and 70, and show you the breakeven ages and cumulative lifetime totals so you can see exactly where each strategy wins and loses.
For married couples, we note spousal benefit rules and survivor benefit considerations, which often change the optimal strategy significantly.
Our Read on Your Situation
Breakeven Ages
Cumulative Lifetime Benefit
| If you live to | Claim 62 | Claim 67 | Claim 70 |
|---|
Plain English Summary
Important: This calculator provides estimates for educational purposes. Your actual Social Security benefit is based on your complete earnings history. Visit ssa.gov/myaccount to see your official projected benefit. This is not financial or tax advice.
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Timing Social Security correctly can add tens of thousands of dollars over your lifetime. But it needs to work alongside your investment withdrawals, tax strategy, and income plan. If any of this resonates, I'd love to have that conversation.
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