Social Security: Adjustment for Early or Late Retirement
Estimate how your monthly Social Security benefit changes if you begin taking payments before or after your full retirement age (FRA).
Your Information
Your full retirement age
67 years, 0 months
| Year of birth* | Full retirement age |
|---|---|
| 1937 or earlier | 65 |
| 1938 | 65 and 2 months |
| 1939 | 65 and 4 months |
| 1940 | 65 and 6 months |
| 1941 | 65 and 8 months |
| 1942 | 65 and 10 months |
| 1943–1954 | 66 |
| 1955 | 66 and 2 months |
| 1956 | 66 and 4 months |
| 1957 | 66 and 6 months |
| 1958 | 66 and 8 months |
| 1959 | 66 and 10 months |
| 1960 and later | 67 |
*If born on the 1st of a month, benefits are figured as if born in the previous month. If born January 1st, refer to the previous year.
The unreduced/unincreased benefit amount from your Social Security statement
$
Whole years — limited to 62–70, the earliest and latest SSA allows
years
Per year, applied for every year between your claiming age and FRA — growing the estimate forward if you delay, discounting it backward if you claim early. Between -50% and 100%.
%
Expected Monthly Benefit
$1,000.00
100.000% of your full retirement age benefit
Months early / late
0 months
Reduction for early claiming
0.000%
Increase for delayed claiming
0.000%
Break-even age (delayed credits)
N/A
Notes: This calculator estimates the retirement-age adjustment only. It does not include the taxation of benefits, the earnings test for benefits taken before FRA while still working, spousal or survivor benefit rules, or Medicare premium withholding.
The break-even age reflects only the point at which cumulative delayed-retirement dollars catch up to cumulative early dollars, assuming a constant benefit — it does not account for the time value of money or COLAs.