Break Even Point Social Security Calculator
Social Security Income Calculator works out Estimated monthly benefit and Estimated benefit a year from Date of birth, Benefit being estimated and How you want to describe your earnings. The default figures on this page give estimated monthly benefit of 1,828.00; change any entry and the result, the working and the sources update together.
Your figures
Updates as you typeHow this is worked out
5 steps
- Year of eligibility (age 62) is 2026; earnings are indexed to 2024 and averaged over 35 years to an AIME of 5833.
- PIA = 90% of the first 1286 + 32% between 1286 and 7749 + 15% above = 2612.4.
- Full retirement age for someone born in 1964 is 67.
- Claiming 60 months early pays 70% of the PIA.
- Monthly benefit = 2612.4 x 0.7 truncated to the dollar = 1828.
Benefit by claiming agetable
| age | percentOfPia | monthly | annual |
|---|---|---|---|
| 62 | 70 | 1,828 | 21,936 |
| 63 | 75 | 1,959 | 23,508 |
| 64 | 80 | 2,089 | 25,068 |
| 65 | 86.6667 | 2,264 | 27,168 |
| 66 | 93.3333 | 2,438 | 29,256 |
| 67 | 100 | 2,612 | 31,344 |
| 68 | 108 | 2,821 | 33,852 |
| 69 | 116 | 3,030 | 36,360 |
| 70 | 124 | 3,239 | 38,868 |
Figures from Social Security benefit formulas (SSA), 2026 rules, checked 31 August 2026. Its 5 worked examples are re-run on every release, last on 15 September 2026. What changed · how reference data is kept current
Sources and references
6 sources
Keep this result
Save it, change one figure, then compare the two
The calculation stays free. Save this scenario, adjust one assumption, save that too, and put them side by side to see exactly what the change costs you. A free account keeps 5 scenarios and 2 comparisons; Personal makes both unlimited and adds exports and private links. Nothing is saved unless you press Save.
What the Social Security Income Calculator calculates
Estimates the monthly Social Security retirement, disability, spousal or survivor benefit from a work history or a stated PIA, applying the statutory AIME, bend-point, cost-of-living and claiming-age rules.
How to use this Social Security Income Calculator
Enter Date of birth, Benefit being estimated, How you want to describe your earnings and Primary insurance amount (monthly). Estimated monthly benefit updates as you type. Change one figure at a time to see what drives the result.
How the result is worked out
Open “How this is worked out” beside the result for the step-by-step calculation behind Estimated monthly benefit, Estimated benefit a year and Primary insurance amount (this year).
The method follows Social Security ACT sec. 215 (computation of primary insurance amount) and sec. 202(q)/(w) (reduction for age and delayed retirement credits), Social Security Administration, Cost-of-Living Increase and Other Determinations for 2026, Social Security Administration, Office of the Chief Actuary - benefit formula bend points, AWI series, COLA series, normal retirement age and delayed retirement credit tables, Social Security Administration - Benefit examples for workers with maximum-taxable earnings and The Long-Range Economic Assumptions for the 2025 Trustees Report.
What you can compare
Change one input at a time to see how it affects Estimated monthly benefit, Estimated benefit a year and Primary insurance amount (this year). The inputs you can vary are Date of birth, Benefit being estimated, How you want to describe your earnings, Primary insurance amount (monthly), Average indexed monthly earnings and Annual Social Security covered earnings.
Understanding Estimated monthly benefit, Estimated benefit a year and Primary insurance amount (this year)
This is an independent estimate built from the published Social Security formulas. Only the Social Security Administration can give you your official benefit figure - check your my Social Security statement or ask SSA before relying on this for a claiming decision.
Results are general information, not financial, tax, legal, medical or engineering advice. Check any decision that matters with a qualified professional.
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Frequently asked questions
How do I figure my break-even point for Social Security?
Estimates the monthly Social Security retirement, disability, spousal or survivor benefit from a work history or a stated PIA, applying the statutory AIME, bend-point, cost-of-living and claiming-age rules. Open “How this is worked out” beside the result to see each step for your own figures.
What is the breakeven point for SSI in 2026?
On the figures this page opens with — average indexed monthly earnings 11,463 — the estimated monthly benefit is 1,828. No single number fits everyone: change any figure above and the answer updates as you type, with each step of the arithmetic beside it.
What is the break-even point for Social Security 62 vs 67?
It needs Date of birth, Benefit being estimated, How you want to describe your earnings, Primary insurance amount (monthly), Average indexed monthly earnings and Annual Social Security covered earnings. Nothing else is required, and the figures stay in your browser.
What is the break even analysis for Social Security?
The result gives Estimated monthly benefit, Estimated benefit a year, Primary insurance amount (this year), PIA at year of eligibility, Average indexed monthly earnings and Year of eligibility, each labelled with its unit so the figure can be read on its own.
What information do I need for the Social Security Income Calculator?
You need Date of birth, Benefit being estimated, How you want to describe your earnings, Primary insurance amount (monthly), Average indexed monthly earnings, Annual Social Security covered earnings, Year the earnings list starts and Current annual salary. The page opens with default figures that give estimated monthly benefit of 1,828.00, so you can see the scale before entering your own.
What does this Social Security Income Calculator show?
It shows Estimated monthly benefit, Estimated benefit a year, Primary insurance amount (this year), PIA at year of eligibility, Average indexed monthly earnings, Year of eligibility, Full retirement age and Months early (-) or late (+), with the working and any warnings for your entries.