Social Security Calculator

For someone born in 1960 or later, claiming at 62 pays 70% of the full benefit and waiting to 70 pays 124%. A $2,573 full benefit is $1,801 at 62 and $3,191 at 70.

It depends on your 35 highest years of earnings and the age you claim. Someone born in 1965 who has earned the equivalent of $75,000 a year for 35 years has a full benefit of about $2,573 a month at 67: $1,801 at 62 or $3,191 at 70, in today’s dollars. The benefit on your my Social Security statement is the most accurate starting point.

Your 35 highest years of earnings, each indexed to wage growth and capped at the taxable maximum, are averaged into average indexed monthly earnings (AIME). For people turning 62 in 2026 the full benefit is 90% of the first $1,286 of AIME, 32% of the amount up to $7,749 and 15% above. That is the primary insurance amount, paid in full at full retirement age.

Claiming at 62 pays 30% less for life if your full retirement age is 67; waiting to 70 pays 24% more. The break-even age for waiting from 67 to 70 is about 82 and a half: if you live past it, waiting pays more in total. Health, other savings, a spouse who would inherit the larger benefit and whether you are still working all matter.

In 2026 Social Security withholds $1 of benefits for every $2 you earn over $24,480, and $1 for every $3 over $65,160 in the year you reach full retirement age. Earning $40,000 at 62 withholds $7,760 a year. The withheld benefits are not lost: the monthly benefit is raised at full retirement age to make up for them.

Partly, if your combined income (other income plus half your benefits) is over $25,000 single or $32,000 married filing jointly: up to 50% of benefits are taxable, and up to 85% above $34,000 or $44,000. A couple with $30,000 of other income and $38,292 of benefits has about $10,374 of taxable benefits, 27%.

Up to half of the worker’s full benefit, at the spouse’s full retirement age, less the spouse’s own benefit. With a $2,573 full benefit and a spouse whose own is $800, the spousal top-up is $486 a month. Claimed early, the spousal benefit is reduced by up to 35%.

It is a Social Security calculator, Social Security benefits calculator and Social Security retirement calculator in one: an estimator of the monthly retirement benefit at each claiming age, by age from 62 to 70, with the break-even ages and the spousal benefit. Use it as a Social Security calculator by age, a Social Security calculator break even tool, a spousal Social Security calculator and a US Social Security calculator.

Your monthly payment is your primary insurance amount adjusted for the age you claim: about 70% of it at 62 and 124% at 70 if your full retirement age is 67. This Social Security payments calculator shows how Social Security is calculated at every claiming age.

The table of every claiming age on this page is a Social Security age of retirement chart for you: the monthly benefit at each age from 62 to 70 against your full retirement age.