Social Security Calculator

Is It Better to Take Social Security at 62 or 66?

Enter your expected Social Security income and retirement budget (without dollar signs):
Monthly Social Security income if starting at 62 (from your annual Social Security statement)
Monthly Social Security income if starting at 66 (from your annual Social Security statement)
Social Security annual growth rate		%
Monthly retirement expenses
Savings at 62nd birthday
Return on investments		%
Inflation		%
If you plan on working after the age of 62, your Social Security income may be penalized by $1 for every $2 over the wage limit. Enter information about working after 62:
Monthly wages after age 62
Annual wage growth		%
Age you will stop working
Current wage limit (from SSA Publication No. 05-10069)