Full Benefit @ Normal Ret. Age: 67 Assumed Full Benefit: $2,000 Assumed Interest Rate on SS Money 3% 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 $34,104 $18,000 $34,104 64 2023 $51,927 $36,540 $19,200 $51,927 65 2024 $70,285 $55,636 $38,976 $20,800 $70,285 66 2025 $89,193 $75,305 $59,345 $42,224 $22,400 $89,193 67 2026 $108,669 $95,564 $80,326 $64,291 $45,472 $24,000 $108,669 68 2027 $128,729 $116,431 $101,935 $87,019 $69,236 $48,720 $128,729 69 2028 $149,391 $137,924 $124,193 $110,430 $93,713 $74,182 $149,391 70 2029 $170,673 $160,062 $147,119 $134,543 $118,925 $100,407 $29,760 $170,673 71 2030 $192,593 $182,864 $170,733 $159,379 $144,892 $127,419 $60,413 $192,593 72 2031 $215,171 $206,350 $195,055 $184,961 $171,639 $155,242 $91,985 $215,171 73 2032 $238,426 $230,540 $220,106 $211,309 $199,188 $183,899 $124,505 $238,426 74 2033 $262,379 $255,457 $245,910 $238,449 $227,564 $213,416 $158,000 $262,379 75 2034 $287,050 $281,120 $272,487 $266,402 $256,791 $243,819 $192,500 $287,050 76 2035 $312,462 $307,554 $299,862 $295,194 $286,895 $275,133 $228,035 $312,462 77 2036 $338,636 $334,780 $328,057 $324,850 $317,901 $307,387 $264,636 $338,636 78 2037 $365,595 $362,824 $357,099 $355,396 $349,839 $340,609 $302,335 $365,595 79 2038 $393,363 $391,709 $387,012 $386,857 $382,734 $374,827 $341,165 $393,363 80 2039 $421,963 $421,460 $417,822 $419,263 $416,616 $410,072 $381,160 $421,963 81 2040 $451,422 $452,104 $449,557 $452,641 $451,514 $446,374 $422,355 $452,641 82 2041 $481,765 $483,667 $482,244 $487,020 $487,460 $483,765 $464,785 $487,460 83 2042 $513,018 $516,177 $515,911 $522,431 $524,483 $522,278 $508,489 $524,483 84 2043 $545,208 $549,662 $550,589 $558,904 $562,618 $561,946 $553,504 $562,618 85 2044 $578,365 $584,152 $586,306 $596,471 $601,896 $602,805 $599,869 $602,805 86 2045 $612,516 $619,676 $623,095 $635,165 $642,353 $644,889 $647,625 $647,625 87 2046 $647,691 $656,267 $660,988 $675,020 $684,024 $688,236 $696,814 $696,814 88 2047 $683,922 $693,955 $700,018 $716,071 $726,945 $732,883 $747,478 $747,478 89 2048 $721,239 $732,773 $740,218 $758,353 $771,153 $778,869 $799,662 $799,662 90 2049 $759,677 $772,757 $781,625 $801,903 $816,688 $826,235 $853,412 $853,412 91 2050 $799,267 $813,939 $824,274 $846,760 $863,588 $875,022 $908,775 $908,775 92 2051 $840,045 $856,357 $868,202 $892,963 $911,896 $925,273 $965,798 $965,798 93 2052 $882,046 $900,048 $913,448 $940,552 $961,653 $977,031 $1,024,532 $1,024,532 94 2053 $925,308 $945,050 $960,051 $989,569 $1,012,902 $1,030,342 $1,085,028 $1,085,028 95 2054 $969,867 $991,401 $1,008,053 $1,040,056 $1,065,689 $1,085,252 $1,147,339 $1,147,339 96 2055 $1,015,763 $1,039,143 $1,057,495 $1,092,057 $1,120,060 $1,141,810 $1,211,519 $1,211,519 97 2056 $1,063,036 $1,088,317 $1,108,419 $1,145,619 $1,176,062 $1,200,064 $1,277,624 $1,277,624 98 2057 $1,111,727 $1,138,967 $1,160,872 $1,200,788 $1,233,744 $1,260,066 $1,345,713 $1,345,713 99 2058 $1,161,879 $1,191,136 $1,214,898 $1,257,611 $1,293,156 $1,321,868 $1,415,844 $1,415,844 100 2059 $1,213,535 $1,244,870 $1,270,545 $1,316,140 $1,354,351 $1,385,524 $1,488,080 $1,488,080
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