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Your claiming age is the most important decision in retirement. See how much your monthly check grows by waiting for your Full Retirement Age (FRA).
Disclaimer: This calculator provides estimated retirement savings projections for educational purposes only. Contribution limits, tax rules, and benefit calculations are subject to change by the IRS and SSA. Consult a certified financial planner or tax advisor for personalized retirement planning advice.
*Career average (indexed) estimation.
Estimated Monthly Check
This is a projection based on 2024 SSA rules. Your actual benefit depends on your official SSA earnings record and COLA adjustments.
Social Security provides guaranteed lifetime retirement income based on your highest 35 years of earnings. The age at which you claim benefits has a massive impact on your monthly payment for the rest of your life.
Claiming early reduces your benefit by up to 30% permanently. Best only if you have urgent health or cash needs.
For anyone born after 1960, 67 is the Full Retirement Age. You get 100% of your primary insurance amount.
Your benefit increases by 8% every year you wait past FRA. This gives you the highest possible monthly check.
Delaying benefits is effectively a guaranteed 8% annual increase between FRA and age 70 — something difficult to match with low-risk investments. However, claiming earlier may still make sense if you have health concerns or need income sooner.
PIA is the amount you would receive if you claim benefits at your exact Full Retirement Age (usually 67). It is calculated based on your 35 highest-earning years.
If you are under FRA, there is an earnings limit ($22,320 in 2024). If you earn more, SSA withholds $1 for every $2 over the limit. After FRA, there is no limit.
Yes, depending on your combined income. If you file as an individual and earn over $25,000, or as a couple over $32,000, up to 85% of your benefits may be taxable.
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