Estimate your monthly Social Security benefits at different retirement ages. See how much more you get by waiting from 62 to 70.
| Retirement Age | Monthly Benefit | % of FRA | Annual Benefit | Lifetime Total |
|---|
Key Insight: —
Your benefit is based on your Primary Insurance Amount (PIA), calculated from your highest 35 years of inflation-adjusted earnings. The PIA formula uses three bend points (90%, 32%, 15%) applied to your Average Indexed Monthly Earnings (AIME).
Early retirement (62): You receive a reduced benefit — about 70-75% of your PIA, depending on birth year. For each month you claim before FRA, your benefit drops by ~0.56% (first 36 months) then ~0.42%.
Full Retirement Age (67): You receive 100% of your PIA. FRA is 67 for those born in 1960 or later.
Delayed retirement (70): For each month you delay past FRA, your benefit increases by 0.67% (8% per year) up to age 70 — a maximum increase of 124% of PIA. This calculator uses a simplified PIA model based on current earnings for estimation purposes. Actual benefits may differ. Visit SSA.gov for your official estimate.