Tool 01
Social Security Optimizer
Calculates the optimal claiming strategy from age 62 to 70 with COLA, delayed retirement credits, spousal coordination, and survivor benefit logic. NPV computed at your discount rate.
Inputs
/mo
Don't know your PIA?
US average benefit at FRA in 2024 is $1907/mo. Find your exact PIA at ssa.gov/myaccount.
/mo
%
%
Optimal claim age
70
Delay to 70. Life expectancy and delayed credits make waiting the dominant strategy.
Spousal coordination
Lower earner claims at 67, higher earner delays to 70 to maximize the surviving spouse's lifetime benefit.
Lifetime total
$1.92M
NPV
$1.01M
Monthly at FRA
$5.2K
Break-even analysis
Cumulative lifetime benefits
Cumulative benefits by age for each claim strategy. Gold marker indicates break-even between claiming at 62 vs 70.
Break-even between early (62) and delayed (70) occurs at age 79.
NPV comparison
Net present value by claim age
| Claim age | Lifetime | NPV |
|---|---|---|
| 62 | $1,564,209 | $918,975 |
| 65 | $1,700,335 | $962,734 |
| 67 | $1,790,534 | $987,745 |
| 70OPT | $1,946,292 | $1,014,147 |
Sensitivity
Life expectancy impact on NPV
NPV delta (vs baseline) if life expectancy shifts by plus or minus years.
-5 yrs life expClaim 68
-3 yrs life expClaim 69
+0 yrs life expClaim 70
+3 yrs life expClaim 70
+5 yrs life expClaim 70