Social Security Break-Even Calculator
Social Security Break-Even Calculator

What is the best age to start receiving Social Security retirement benefits? To help make that decision, this calculator compares the cumulative Social Security retirement benefits paid beginning at three different starting ages, and estimates how long it takes for the cumulative benefits begun at a later age to equal or "break even" with the cumulative benefits begun at an earlier age.


The total cumulative benefits you receive can be affected by a number of factors, including the age at which you begin receiving benefits and how long you live.


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You can use the Retirement Estimator calculator available at the Social Security Administration's website (www.ssa.gov) to calculate your monthly benefit amounts. Full retirement age (FRA) is between 66 and 67, depending on your birth date. Refer to the table below to determine your FRA. While your actual FRA may fall in the middle of a calendar year, for this calculator, use age 66 if you were born between 1942 and 1957. If you were born in 1958 or later, use age 67.

Full Retirement Age
If you were born in:Your full retirement age is:
1943-195466
195566 and 2 months
195666 and 4 months
195766 and 6 months
195866 and 8 months
195966 and 10 months
1960 or later67

IMPORTANT DISCLOSURES Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024.