Full Benefit @ Normal Ret. Age: 67 Assumed Full Benefit: $2,000 Assumed Interest Rate on SS Money 7% Social Security Reduction Schedule Percent of Full Monthly Age Benefit Benefit 62 70.00% $1,400 63 75.00% $1,500 64 80.00% $1,600 65 86.67% $1,733 66 93.33% $1,867 67 100.00% $2,000 70 124.00% $2,480 Cumulative Benefit By Year Best Year If you live to You are Better Off Taking Benefit at Age... Age... Year 62 63 64 65 66 67 70 Best Age 62 2021 $16,800 $16,800 63 2022 $34,776 $18,000 $34,776 64 2023 $54,010 $37,260 $19,200 $54,010 65 2024 $74,591 $57,868 $39,744 $20,800 $74,591 66 2025 $96,612 $79,919 $61,726 $43,056 $22,400 $96,612 67 2026 $120,175 $103,513 $85,247 $66,870 $46,368 $24,000 $120,175 68 2027 $145,388 $128,759 $110,414 $92,351 $72,014 $49,680 $145,388 69 2028 $172,365 $155,772 $137,343 $119,615 $99,455 $77,158 $172,365 70 2029 $201,230 $184,676 $166,157 $148,788 $128,817 $106,559 $29,760 $201,230 71 2030 $232,116 $215,604 $196,988 $180,004 $160,234 $138,018 $61,603 $232,116 72 2031 $265,164 $248,696 $229,977 $213,404 $193,850 $171,679 $95,675 $265,164 73 2032 $300,526 $284,105 $265,276 $249,142 $229,820 $207,697 $132,133 $300,526 74 2033 $338,363 $321,992 $303,045 $287,382 $268,307 $246,235 $171,142 $338,363 75 2034 $378,848 $362,532 $343,458 $328,299 $309,488 $287,472 $212,882 $378,848 76 2035 $422,168 $405,909 $386,700 $372,080 $353,553 $331,595 $257,544 $422,168 77 2036 $468,519 $452,322 $432,969 $418,925 $400,701 $378,806 $305,332 $468,519 78 2037 $518,116 $501,985 $482,477 $469,050 $451,150 $429,323 $356,465 $518,116 79 2038 $571,184 $555,124 $535,451 $522,684 $505,131 $483,375 $411,177 $571,184 80 2039 $627,967 $611,983 $592,132 $580,072 $562,890 $541,212 $469,720 $627,967 81 2040 $688,724 $672,821 $652,781 $641,477 $624,692 $603,097 $532,360 $688,724 82 2041 $753,735 $737,919 $717,676 $707,180 $690,821 $669,313 $599,386 $753,735 83 2042 $823,296 $807,573 $787,113 $777,482 $761,578 $740,165 $671,103 $823,296 84 2043 $897,727 $882,103 $861,411 $852,706 $837,289 $815,977 $747,840 $897,727 85 2044 $977,368 $961,851 $940,910 $933,196 $918,299 $897,095 $829,948 $977,368 86 2045 $1,062,584 $1,047,180 $1,025,974 $1,019,319 $1,004,980 $983,892 $917,805 $1,062,584 87 2046 $1,153,765 $1,138,483 $1,116,992 $1,111,472 $1,097,729 $1,076,764 $1,011,811 $1,153,765 88 2047 $1,251,328 $1,236,176 $1,214,382 $1,210,075 $1,196,970 $1,176,138 $1,112,398 $1,251,328 89 2048 $1,355,721 $1,340,709 $1,318,588 $1,315,580 $1,303,157 $1,282,467 $1,220,026 $1,355,721 90 2049 $1,467,422 $1,452,558 $1,430,089 $1,428,471 $1,416,778 $1,396,240 $1,335,188 $1,467,422 91 2050 $1,586,941 $1,572,238 $1,549,396 $1,549,264 $1,538,353 $1,517,977 $1,458,411 $1,586,941 92 2051 $1,714,827 $1,700,294 $1,677,053 $1,678,512 $1,668,438 $1,648,235 $1,590,260 $1,714,827 93 2052 $1,851,665 $1,837,315 $1,813,647 $1,816,808 $1,807,628 $1,787,612 $1,731,338 $1,851,665 94 2053 $1,998,082 $1,983,927 $1,959,802 $1,964,784 $1,956,562 $1,936,745 $1,882,291 $1,998,082 95 2054 $2,154,747 $2,140,802 $2,116,189 $2,123,119 $2,115,922 $2,096,317 $2,043,812 $2,154,747 96 2055 $2,322,380 $2,308,658 $2,283,522 $2,292,538 $2,286,436 $2,267,059 $2,216,639 $2,322,380 97 2056 $2,501,746 $2,488,264 $2,462,568 $2,473,815 $2,468,887 $2,449,753 $2,401,563 $2,501,746 98 2057 $2,693,668 $2,680,442 $2,654,148 $2,667,782 $2,664,109 $2,645,236 $2,599,433 $2,693,668 99 2058 $2,899,025 $2,886,073 $2,859,138 $2,875,327 $2,872,996 $2,854,402 $2,811,153 $2,899,025 100 2059 $3,118,757 $3,106,098 $3,078,478 $3,097,400 $3,096,506 $3,078,210 $3,037,694 $3,118,757
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