This break-even calculator for Social Security aims to address a fundamental question: Which filing age for Social Security will result in the highest total payments over your lifetime?

However, it's essential to understand that the results of this calculation should not be the sole determining factor when deciding when to claim your Social Security benefits. Choosing the optimal filing age is a complex decision that involves considering various factors.

To make a well-informed choice, it's advisable to examine multiple pieces of information. While a Social Security break-even calculator can provide valuable insights, it should be just one component of your decision-making process.

Before using this calculator, I highly recommend reading my article on how to effectively utilize a Social Security break-even calculator to ensure you make a well-rounded decision.

⚠️ Note 1: The benefit estimate provided by the Social Security Administration does not account for inflation, but this calculator does. As a result, the benefit amounts calculated by this tool will be different at future dates. If you prefer to exclude inflation from your calculations, simply set the Average Annual Increase to 0%.

⚠️ Note 2: The column labeled 'FRA Benefit/PIA' serves as a point of reference. The Social Security Administration (SSA) calculates the benefit payable by modifying the primary insurance amount (PIA) with the annual cost of living adjustments and then adjusting for age-based reductions or increases as applicable.