The $500,000+ decision. Determine optimal claiming age to maximize lifetime benefits. Early vs delayed can mean 6 figures in difference.
Enter your work history to estimate your monthly Social Security benefit
The break-even analysis assumes standard actuarial life expectancy. For married couples, the strategy becomes more complex—often the higher earner should delay claiming to maximize survivor benefits for the spouse.
Each year you delay past Full Retirement Age (up to 70) earns 8% annual increase. This is a guaranteed, inflation-adjusted return that compounds over your retirement lifetime.
The "file and suspend" loophole was closed in 2016. Current law requires restricted application strategies. Consult a Social Security specialist for spousal benefit coordination.