Social Security Calculator

The following social security calculator can help you decide when you should apply for social security retirement benefit for residents in the United States. Social Security is a public program that uses public funds to provide some economic security for the public, which may cover old-age, disability, survivors, etc. In the United States, the social security retirement benefits can be applied at any age from 62 to 70. If apply early, the retirement benefit is reduced by a factor. The U.S. Social Security provides various calculators for various purposes. However, they do not have tool to help you decide when to apply for the social security retirement benefit. Generally, if you think you are healthy and can live long, you should apply late. If you think you are good at investing and can achieve good return from your investments, you should apply earlier.

Find the Best Application Age

Use the following calculator to find the best age to apply for social security retirement benefit based on your age, life expectancy, and average investment performance. Click here to estimate your life expectancy.

Your Birth Year 
Your Life Expectancy 
Your Investment Return% per year
Cost of Living Adjustment1% per year
 

Compare Two Application Ages

Use the following calculator to compare the financial difference of two social security retirement benefit application ages. The U.S. Social Security website can give you estimated benefit payment amounts of different claim ages.

Social Security Claim Option 1
Retirement Age 
Monthly Payment$per month
Social Security Claim Option 2 (Work Longer)
Retirement Age 
Monthly Payment$per month
Other Information
Your Investment Return% per year
Cost of Living Adjustment1% per year
 


RelatedRetirement Calculator | Pension Calculator | 401K Calculator


1. Cost of Living Adjustment (COLA)—The social security payment may increase based on the cost of living increase or inflation rate. In the United States, the Social Security publishes COLA rate every year.