Compare lifetime Social Security income at every claiming age from 62 to 70. Change any number and the result updates instantly. This First Command Financial Services tool is an illustration, not a forecast.
How it is calculated
Claiming early locks in a smaller check for life; waiting past full retirement age adds credits until 70. The break-even depends mostly on how long you expect to collect.
The table below uses the starting numbers in the calculator, so you can check the math.
| Start age | Per month | Total to plan age |
|---|---|---|
| 62 | $1,750 | $546,000 |
| 63 | $1,875 | $562,500 |
| 64 | $2,000 | $576,000 |
| 65 | $2,167 | $598,023 |
| 66 | $2,333 | $615,978 |
| 67 | $2,500 | $630,000 |
| 68 | $2,700 | $648,000 |
| 69 | $2,900 | $661,200 |
| 70 | $3,100 | $669,600 |
Your questions about First Command Financial Services, answered
Is this calculator a recommendation?
No. It is a simplified illustration. First Command Financial Services can build a plan around your real accounts, taxes and goals.
Why does my result differ from other calculators?
Calculators make different assumptions about returns, taxes and timing. Use the same inputs everywhere and treat any single answer as a starting point.
Limits of the estimate
Married couples should look at both benefits together, because the larger check may become the survivor benefit. Taxes and cost-of-living raises also change the picture.
A plan built with First Command Financial Services works from your real accounts, taxes and goals.
This article is general financial information only, not investment advice tailored to your circumstances. Investing involves risk, including loss of principal. Before making any financial decision, consult a qualified professional about your specific situation.