When should I take Social Security?

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Find out when to start Social Security benefits. Calculate breakeven ages for taking benefits early, on time, or delaying for maximum lifetime value.

Last update Dec 2024
  • Scenario 1: Take at Full Retirement Age
  • Scenario 2: Take Benefits Early
  • Scenario 3: Delay Benefits

Compare breakeven ages for Social Security benefits. See how starting early, on time, or delaying affects total lifetime benefits based on life expectancy.

Age
Try your numbers:

Your current age to calculate how many years until or after taking Social Security benefits.

A =

The monthly Social Security benefit you would receive at your full retirement age (67 y/o).

B =

The age you plan to start taking Social Security benefits early. Enter between 62~67 years old.

C =

The age you plan to delay taking Social Security benefits to receive increased benefits. Enter between 67~70 years old.

D =
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Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

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How is Cash Value calculated?

Taking Social Security at your full retirement age offers an unreduced monthly benefit and steady cash flow. This scenario calculates the investment value of these payments, reflecting how withdrawals from your investment account are reduced at this optimal time. See how taking benefits on time impacts your long-term financial health.

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(Expressions are evaluated at Year 0 only.)

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Calculations

(Expressions are evaluated at every year.)

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