Social Security Calculator: How Much Will I Get at 62, 67 or 70?
By Hans Goldstein, founder, Retirement Literacy Foundation · Updated
Enrolled Agent, admitted to practice before the IRS.
At 62 you get 70% of your full benefit if you were born in 1960 or later (full retirement age 67); at 67 you get 100%, and at 70, 124%. Most Social Security calculators ask for your benefit amount before they will tell you anything. This one works it out from your earnings, using the same 2026 formula the Social Security Administration uses, and shows your estimate at every age from 62 to 70.
Free to use. Nothing is sold. Estimates only, not investment or tax advice.
Uses the 2026 formula: 90% of the first $1,286 of average monthly earnings, 32% up to $7,749, 15% above that (SSA bend points, 2026), earnings counted up to $184,500 (SSA, 2026), and the SSA early and delayed claiming rules. Checked October 10, 2026.
Hans Goldstein, EA
Founder & Executive Director · Retirement Literacy Foundation, a 501(c)(3) non-profit
Admitted to practice before the IRS
The number above is only half the decision. When you claim changes the total by six figures for most people, and the wrong year can also push your Medicare premium up. Put your name below and I’ll send the one-page claiming checklist. Reply with your situation and I’ll tell you what I’d look at first.
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Common questions
How is my Social Security benefit calculated?
SSA averages your highest 35 years of earnings, indexed for wage growth, into a monthly figure called your AIME. It then applies three brackets: 90% of the first $1,286, 32% of the amount between $1,286 and $7,749, and 15% above that. The result is your benefit at full retirement age.
What if I worked fewer than 35 years?
The missing years are counted as zeros and averaged in, which pulls the benefit down. Working an additional year late in your career can replace a zero or a low year and raise the figure.
What is my estimated Social Security benefit at age 62?
Take your full-retirement-age benefit and multiply by 0.70 if you were born in 1960 or later. Example: a $2,400 benefit at 67 becomes about $1,680 a month at 62, for life. Enter your salary and years worked above to see your own figure at 62.
How much more do I get by waiting until 70?
For someone with a full retirement age of 67, claiming at 62 pays 70% of your benefit and waiting to 70 pays 124%. That is roughly 77% more per month, for life, but you collect for eight fewer years.
Is this the same as the SSA estimate?
Close, but not identical. SSA indexes each individual year of your earnings for wage growth; this calculator uses your career-average salary as a stand-in. Your exact number is free in your my Social Security account.
Will my benefit be taxed?
Often, yes. Up to 85% of your benefit can be taxable depending on your provisional income. Our Social Security tax calculator shows how much of yours the IRS keeps.
Related free tools
- Social Security Tax Calculator: what the IRS keeps
- Claiming Calculator: file at 62, 67 or 70
- Retirement Calculator: will your money last?
- Survivor Benefit Calculator: the widow's penalty
The Retirement Literacy Foundation is a 501(c)(3) non-profit. This calculator is general financial education, not individualized investment, tax, or insurance advice. Projections assume a steady rate of return; real markets vary year to year. Consider speaking with a licensed professional before making decisions.