See how claiming early or late changes monthly income, lifetime payout, and the age where waiting starts to win.
62 vs 70 Break-Even
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Enter your estimated full-retirement-age benefit and life expectancy to compare claiming ages.
Tap an example to prefill the calculator with sample values.
Longer-horizon retiree
$2,400 FRA benefit with life expectancy of 87
A longer retirement horizon often favors waiting because the higher monthly benefit has more time to catch up.
Result: The delayed-claim option often wins when the retirement horizon runs well into the late 80s
Shorter-horizon case
$1,900 FRA benefit with life expectancy of 78
A shorter expected retirement horizon can make earlier claiming more competitive because the higher delayed benefit has less time to catch up.
Result: Earlier claiming becomes more attractive when the expected collection window is materially shorter