📊 Social Security Break-Even Calculator
Smart Decision Tool
Find out when delaying benefits pays off - with time value of money analysis
When Does Waiting Pay Off?
Break-Even Age
--
nominal dollars
True Break-Even Age
--
with time value of money
Foregone Benefits
$0
by waiting
💵Your Social Security Details
$
%
%
📈Cumulative Benefits Comparison
💡How This Works
This calculator compares claiming Social Security early vs. waiting, showing both nominal and time-value-adjusted break-even ages.
- Break-Even Age: When cumulative benefits catch up
- Time Value: Accounts for investment opportunity cost
- COLA: Annual benefit increases
- Discount Rate: What you could earn investing
🎯Key Insights
- +8% per year: Benefits grow ~8% for each year you delay (62-70)
- Longevity risk: If you live past break-even, delaying pays off
- Health matters: Poor health = claim early, good health = wait
- Other income: If you have other retirement income, delaying can make sense
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